Stats- Sampling Scope & Limitation

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Scope, Importance and limitation of Statistics & Sampling Presented by: Avyudaya Pratap Singh Chandan kumar Swapnil Bhongade Application of Statistics  Statistics & Government Statistics help in framing suitable fiscal and monitoring polices to government. Example- Statistics helps in all the govt. department such as transport, finances, defence, railways, telegraph, agriculture, etc. Transport- Number of buses require in a city planned on the basis of existing buses and number of people usi
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  Scope, Importance and limitation ofStatistics & SamplingPresented by: Avyudaya Pratap SinghChandan kumar Swapnil Bhongade  Application of Statistics  Statistics & Government Statistics help in framing suitable fiscal and monitoring polices togovernment. Example- Statistics helps in all the govt. department suchas transport, finances, defence, railways, telegraph, agriculture, etc.Transport- Number of buses require in a city planned on the basis of existing buses and number of people using public transport.  Statistics & Business Statistical methods are used to solve many business problem.Example- Marketing researcher uses consumer buying habit todevelop a new product.Production managers look quality control data to decide whatadjustment should make for the manufacturing .Statistical table and charts are used by sales manager to represent anumerical facts of sales.  Application of Statisticscontd..    Statistics & Economics Statistical data and statistical methods are of immense help in the properof understanding of economic problem and in the formulation of economic policy. Example- What to produce, How to produce and Forwhom to produce? These question needs lot of statistical data in theabsence of which it is not possible to arrive at the correct decision.Statistical data help in understanding supply and demand of goods.Example- Gross national product, fluctuation in stock market, etc.  Statistics & science Statistical techniques have proved extremely useful in the study of allnatural sciences like astrology, biology, medicine, botany, etc. Example-Diagnosis of disease can be done by doctor on basis of statistical data of body temperature, BP, pulse rate, etc.Botany- Study of plant growth on the basis of statistical data of temperature, soil fertility, etc.  Limitations  Statistics does not deal with individualmeasurement. It deals with the aggregate facts, the study of individualmeasurement lies outside the scope of statistics.Example- Wage on by an individual worker at any one time takenby itself is not a statistical datum. But the wages of workers of afactory can be used statistically.Marks of students, Height of students.  Statistics deal with quantitative characteristics. Statistics are numerical statement of facts.Qualitative characteristics such as honesty, efficiency can not beexpressed. Example- Study of intelligence of boys in a class isexpressed on the basis of mark obtained in examination.
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