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| 1. |
What is the scope of statistics now a day |
| Answer» Scope and importance of Statistics:1.\xa0Statistics and planning:\xa0Statistics is\xa0indispensable into planning in the modern age which is termed as “the age of planning”. Almost all over the world the govt. are re-storing to planning for economic development.2.\xa0Statistics and economics:\xa0Statistical data and techniques of statistical analysis are\xa0immensely useful in solving economic\xa0problem\xa0such as determination of\xa0wages and\xa0price, time series analysis, demand analysis.3.\xa0Statistics and business:\xa0Statistics is an responsible tool of production control. Business executive are relying more and more on statistical techniques for studying the much and desire of the valued customers. | |