Question

Write answer in one or two paragraphs

State the features of statistics.

Answer 1

The following are some of the features of statistics.
i. Aggregate of facts: Statistics is an aggregate of numerical facts and figures. A single value does not represent statistics.
ii. Collected in a systematic manner: Statistical data are collected in a systematic and planned manner. Data collected without any order or system is unreliable.
iii. Expressed numerically: All statistical data whether, qualitative or quantitative, is expressed in numerical terms.
iv. Affected by a multitude of causes: Statistical data is affected by a multitude of causes. For instance, the demand for a commodity is affected by a number of factors such as price, incomes of consumers, tastes and preferences.