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what is statistics meaning and definition ,business statistics

 


statistics meaning


• Everyday we come across a lot of information in of facts,

 numerical figures, tables, graphs, etc the form

• profits of a company, temperatures of cities, expenditures 

in various sectors of a five year plan, polling 

results, and so on. igure Ve year pla

• Analysis of figures/numbers for forecasting or drawing ates of figures/nun inferences.

• Statistics - आंकड़े

• Studying Numbers



Derived from

• Latin word - Status

Statistikudance

• Italian word - Stato

• German -

Meaning of All was Political State/Science

• In its origin, statistics was simply the collection of data on different aspects of the life of people, useful to the

State. Like age, land record etc.

Statistics is the discipline that concerns the

⚫ collection,

⚫ organization,

⚫ analysis,

• interpretation, and

• presentation of data

Statistics includes quantitative analysis i.e, variables that can be measured in numbers like Height, Age, (not honest, Intelligence - Qualitative variables)

Statistical Data are only those which are

• Aggregate (many not individual)

• Average (Ram Age and average age of students of MBA)

• Comparable (Number of MBA in India and in US)

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According to Webster

• Statistics are the facts representing the condition of the people in a state...especially those facts which can be stated in numbers or in tables of numbers or any tabular or classified arrangements"

Dr. A.L. Bowley

• Statistics may rightly called the science of averages

• Statistics is the device for abbreviating and classifying the statements and making clear relations,

Prof. A L Boddington

• Statistics is the science of estimates and probabilities

Definition of Statistics

According to Prof. M G Kendall

• Statistics is the branch of scientific method tific Per which deals with data data obt obtained by counting or measuring properties of populations of natural prop phenomenon

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