1.

Write a few important functions of statistics.

Answer»

The following are the important functions of statistics: 

(a) It simplifies and condenses the size of the data. 

(b) It facilitates composition. 

(c) It enriches our knowledge and widens our experience. 

(d) It helps in formulating policies. 

(e) It helps in business forecasting. 

(f) It presents the facts in a definite form.



Discussion

No Comment Found

Related InterviewSolutions