STATISTICS
Statistic
THEORY:
.Meaning of statistic:
Tha :word statistic is used in two different sense
1.plural 2.singular
.Singular form of statistics
It is the branch of science (knowledge) that deals with collection ,classification ,tabulation ,analysis interpretation of data related to an investigation .
.plural form of statistics
It refers to numerical data collection in a systematic manner with some definite aim of object in view.
a) price statistics.
b) market statistics.
c) production statistics
d) Import & export statistics
.Importance & scopes of statistics:
In modern times statistics is not viewed as a major device for collecting numerical data but as a means of developing sound techniques for their handling analysis and drawing valid inference form then .
It is intruding into various diversified spheres of life as in social as well as physical such
as biology , psychology,economics,education,business,management,etc.
1.Importance of statistics in different setups & planning .
1.statistics & planning
Statistics is indispensable in planning . In this modern age which is termed as the age of planing almost all organisation in the govt.or management of business are restoring to planning for efficient working and formulating policy decision .To achieve this end , the statistical data relating to production , consumption prices investment ,income, expenditure etc and various advance statistical techniques for handling and analysing such complex data are of paramount importance .
Statistics & mathematics:management,etc.
Mathematics & statistics having closely in touch with each other ever since the 17th century when theory of probability was found to have influence of various statistical methods .Statistics is largely based on mathematics .both are very much independent.the development of statistical theories & techniques is for .