Friday, January 16, 2009

What is Statistics?

Nowadays, the word statistics is defined in the following two senses:
1) In Singular Sense and
2) In plural Sense

In Singular sense it is defined as the "Body of Methods" consisting Collection, Presentation, Analysis and interpretation of Numerical facts or Data.

In Plural sense, it is always defined as the "Aggregate of Numerical Facts". For example, statistics of prices, statistics of wages, statistics of weights, statistics of births and deaths, statistics of males and females, etc.

Aggregate of Numerical Facts are also called "Statistical Data."

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