Question

Advantage and disadvantage of statistics

Answer 1

The advantages of statistics are:

• The bulk data can be presented in a precise and definite form.
• The comparison and conclusions of data becomes easy.
• Forecasting the trends becomes easy with statistics & nbps;

The disadvantages of statistics are:

• The statistical data can lead to misuse.
• There are chances of errors becomes easy when the statistical methods are not done by the experts.
• For the comparison of the data, the data should be homogeneous and uniform.