This implies that statistics is a very useful tool for the social scientist. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply. Content Filtrations 6. These pathetically ignore the individual intricacies of solitary units. Such an analysis may lead us to the conclusion regarding the incidence of labour unrest in the country and factors responsible for it. Dec 01, 2020 - Limitations of Statistics, Business Mathematics & Statistics B Com Notes | EduRev is made by best teachers of B Com. The facts are to be given in a definite form. Statistical analysis is used to determine if a scientific experiment produced a result that supported a hypothesis or not. Statistics is unable to explain individual items 2. LIMITATIONS OF STATISTICS Despite its power, essential use fullness and universal applicability statistics has its own limitation and imperfections, which are as under, 1. The former example illustrates the process of descriptive statistics whereas the latter, that of inductive statistics. Statistics and business: Statistics is an irresponsible tool of production control. Business Statistics - Meaning, Characteristics, Functions and Limitations. Statistics and industry: In industry statistics is widely used inequality control. Hello all, This presentation includes the Definition, Functions, Limitations, and Applications of Statistics. How long will the footprints on the moon last? The social-human sciences typically requisition a keen concern for the unique and the idiosyncratic aspects in society. What are the release dates for The Wonder Pets - 2006 Save the Ladybug? What is most important for us as potential users of statistical methods, therefore, is to bear well in mind that statistics has powerful muscles that can only serve but not direct. Most social researches are based on highly tentative theoretical ideas. If a researcher lacked conversance in statistics the results of a costly research project would probably be disappointing if not useless. But this does not imply that a social researcher can plan and carry out his entire research without any knowledge of statistics and then hand over the data to the statistician for analysis. When did organ music become associated with baseball? Such a neglect may, in certain investigations, lead to merely superficial findings. Some of the major limitations of the statistical science and hence the attendant cautions that we need to be alerted about while using statistical techniques in the course of a research exercise are well worth noting. It includes frequency distribution, measurement of central value or tendency, deviations, regressions, co-relations, t-test and goodness of fit. Title: The advantages and limitations of statistics Author: Peter D. Mlynek Subject: Journal of Chemical Education, Vol. A highly representative sample produces very little error, but a big gap between sample and population creates misleading data. Statistics is a mathematical science pertaining to the collection, analysis, interpretation or explanation, and presentation of data. TOS 7. Prohibited Content 3. Why don't libraries smell like bookstores? Formulating and testing of hypothesis is an important function of statistics. (2) Statistics helps in the proper and efficient planning of a statistical inquiry in any field of study. Statisticians improve the quality of data with the design of experiments and survey sampling. There are essentially two reasons why the expertise in statistics and the need to study statistics have grown enormously in the field of social sciences. Statistics are aggregates of facts, so a single observation is not a statistic. Join now. The use of statistics is limited to numerical studies: Statistical methods cannot be applied to study the nature of all type of phenomena. Statistics deal with only such phenomena as are capable of being quantitatively measured and numerically expressed. A statistical test is only as good as the data it analyzes. A statistical function, such as Mean, Median, or Variance, summarizes a sample of values by a single value.By default, they expect their parameter(s) to be a probabilistic value represented by a random sample of values over the Run index. 5. Statistics are aggregates of facts. Before publishing your articles on this site, please read the following pages: 1. To learn where to apply statistics and where not to: While all statistical devices can illuminate data, each has its limitations. Who was prime minister after Winston Churchill? They are prone to be misused easily. The word Statistics seems to have been derived from the Latin word “status” or the Italian word Statista. It is in this respect that the average student will probably suffer most from lack of mathematical background, whether he realizes it or not. In as much as many a problem of concern to social scientists is influenced greatly by subjective factors outside the ambit of mathematical treatment, the statistical approach hardly helps in affording us a rounded understanding of the problems. Thus, great caution needs to be exercised while using them. What is given out by statistical computations may not be the final ‘truth’ since it is basically an approximation of typicality and by nature probabilistic. The important limitations of statistics are: Statistics laws are true on average. Study of Numerical Elements: In statistics, only numerical elements are studied like- character, honesty, friendship, etc are not studied. Statistics, Research, Social Research, Data Analysis. These facts can also be placed under 3 topics:- Plagiarism Prevention 4. The limitation of statistical analysis can be described in various points:-1. It is left largely to our interpretative skills to bring out the real message underlying the statistical inferences and propositions. The scope of the science of statistic is restricted by certain limitations : 1. Additionally, there is a likelihood that statistics may be misused, so much so that the researcher may be tempted to twist them to suit his fond conclusions or hypotheses. In this sense, it is a branch of applied mathematics and helps us to know the complex social phenomena in a better way and lends precision to our ideas. (3) Statistics helps in collecting appropriate quantitative data. Functions or Uses of Statistics (1) Statistics helps in providing a better understanding and exact description of a phenomenon of nature. 2. Before applying statistical methods, we must be aware of the following limitations : 1. After reading this article you will learn about:- 1. Does Oil of Oregano raise the sugar in your blood? To Present Facts in Definite Form: We can represent the things in their true form with the help of figures. Statistics is widely used in the field of finance, however statistics like all other field of study is not free from limitations; let’s look at some of the limitations of statistics – The first and foremost limitation of statistics is that it looks into only that data which can be quantified in numbers and it ignores qualitative things. 2. statistics does not study qualitative phenomena 3. statistics data do not reveal the story 4. The Functions Performed by Statistics are given as under: Functions of Statistics: 1. Unfortunately, this is a pit many a researcher falls into, i.e., qualitative data are often operationalized as numerical values without a deeper concern for their validity, in which case, it is rather the poor data that stand to blame and not the statistical science. Statistics deal with average 5. So single observation is not a statistics, it deals with groups and aggregates only. 1. Log in. Place of Statistics in Social Research 4. It deals with only such phenomena that can be measured quantitatively and to whom a numerical value can be assigned. 1. This helps in developing new theories. This document is highly rated by B Com students and has been viewed 3033 times. Statistics is a mathematical science pertaining to the collection, analysis, interpretation or explanation, and presentation of data. Qualitative Aspect Ignored 8. These facts can also be placed under 3 topics:- Join now. Every statistics is developed as a purely mathematical idea. Statistics is an inevitable tool for an economist to analyse various economic problems. Formulation of Policies : Statistics helps in formulating plans and policies in different fields. Statistics does not study individual. The two functions of statistical methods can be easily understood by the following example. Uses of social statistics: Statistics has its limitations, because it is the science which deals with uncertainties. Limitations of Statistics. In spite of the wide scope of the subject it has certain limitations. Study of Numerical Elements: In statistics, only numerical elements are studied like- character, honesty, friendship, etc are not studied. 68 No.2, February 1991 p180, Letters 5. Get the answers you need, now! Statistics is a science of facts and figures and nothing beyond that. Where do you download Survival Project the online game? The limitation of statistical analysis can be described in various points:-1. Image Guidelines 5. It denotes a compilation of data such as those found in the labour Gazzette or say, Labour Statistics of the Labour Bureau published annually by the Government of India. Meaning of Statistics 2. So statistics examines the truth and helps in innovating new ideas. The second function of statistics is induction, which involves either making generalizations about some ‘population’ on the basis of a sample drawn from this population or formulating general laws on the basis of repeated observations. Statistical method… But then, much would depend on the validity of the operational assumptions. Statistics are aggregates of facts. LIMITATIONS OF STATISTICS Despite its power, essential use fullness and universal applicability statistics has its own limitation and imperfections, which are as under, 1. Functions of Statistics Condensation of Data: Statistics helps in reducing the complexity of data and consequently to understand vast amount of data. Classification and tabulation are two important methods to condense data. To learn where to apply statistics and where not to: While all statistical devices can illuminate data, each has its limitations. Economics HSEB Notes on Origin, Definition, Importance, Limitation and Function of Statics Class : 11 Origin and Definition of Statistics The term statistics is believed to have been derived from the Latin word “Statistic”. Functions of Statistics Condensation of Data: Statistics helps in reducing the complexity of data and consequently to understand vast amount of data. Formulation of Policies : Statistics helps in formulating plans and policies in different fields. Statistical results are not accurately correct 4. Conceivably everything dealing with the collection, processing, analysis and interpretation of numerical data belongs to the domain of statistics. Limitations of statistics. For, example, the health, poverty, and intelligence of a group of individuals cannot be quantitatively measured, and thus are not suitable subjects for statistical study. Answered A single figure relating to height, production, sales, birth, death etc. Functions or Uses of Statistics (1) Statistics helps in providing a better understanding and exact description of a phenomenon of nature. The second and even more important reason is the increasing quantitative approach being currently employed in social science research. The use of statistics is limited to numerical studies:Statistical methods cannot be applied to study the nature of all type of phenomena. How do you remove the door panel on a Daewoo Matiz? When did Elizabeth Berkley get a gap between her front teeth? Ask your question. The second meaning of the term statistics refers to the statistical principles and methods employed in the collection, processing, analysis and interpretation of any kind of data. Statistical methods are best applicable on quantitative data. Who is the longest reigning WWE Champion of all time? About "Limitations of statistics" Limitations of statistics : Limitations of statistics. 4. (2) Statistical methods are best applicable to quantitative data. Classification and tabulation are two important methods to condense data. The second type relates to applying the statistics (functions of a sample with certain characteristics), of so called "small" samples, but also those that lead to the same type of inferences based on "large" samples. However, the term ‘statistics’ is used in several ways. But, you can also apply a statistical function over an array of data index by specifying that index as an optional parameter. The validity of certain statistical methods depends on the nature of data, the levels of measurement, the knowledge of the pertinent aspects of the situations and lastly, the assumptions made vis-a-vis the sample from which the data are secured. It is in this respect that the average student will probably suffer most from lack of mathematical background, whether he realizes it or not. 5. Characteristics of Statistics: Statistics are aggregate of facts: A single figure cannot be analyzed. Statistics has patently two broad functions. This helps in developing new theories. Management > Managerial Statistics > Characteristics, Functions and Limitations of Statistics. Suppose it is desired to study the problem of labour unrest in a particular area. Results are true only o… It is a much more useful tool for exploratory analyses than might possibly be imagined. Statistics does not study individual. Copyright 10. Statistics is a branch of applied mathematics which deals with the collection, classification, analysis and interpretation of data.The word statistics is derived from the Latin word ‘status’ means a ‘political state’ or ‘government’. So the quality aspect of a variable or the subjective phenomenon falls out … Statistics are unable to study qualitative characters 3. Although qualitative attributes may sometimes be subjected to statistical analysis, these of necessity, have to be translated into quantitative indices by recourse to operational definitions. It is trying to get the maximum information about a population from a portion of the same. From the point of view of the poten-tials and limitations of statistics as a science, a special attention should be paid to the Seemingly statistical considerations enter only at the analysis stage of the research process after the data have been collected, and near to the point in time when the initial plans for analysis are formulated and a sample is to be drawn. In these circumstances especially, knowledge of the statistical methods becomes an invaluable tool for the social researcher in disentangling highly complex interrelationships. 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