What can Statistics do?

What can Statistics do? Correct Answer Neither prove nor disaprove anything is just a tool

The word statistics has different meanings for different persons. Knowledge of statistics is applicable in day-to-day life in different ways.

• In daily life it means general calculation of items, in railway statistics means the number of trains operating, the number of passenger’s freight, etc., and so on.
• Thus statistics is used by people to take decision about the problems on the basis of different type of quantitative and qualitative information available to them.

Key Points

• ​ The word statistics has been derived from Latin word ‘status’ or Italian ‘Statista’ meaning statesman.
• ‘Statistics’ refers to what is called statistical methods.
• It deals with the collection of data, their classification, analysis, and interpretations of statistical data. 
• ‘Statistics’ used in a plural sense means that quantitative information is available called ‘data’.
• Statistics are an aggregate of facts.
• Statistics are numerical facts.
• Statistics is a basic tool to handle daily matters not only in big organizations but also in small industries.
• It is required, at each level, to keep data with care and look at them from different perspectives to mitigate the expenditure and enable each employee to have his/ her share in the benefit.

Thus, it is concluded that Statistics can neither prove nor disaprove anything is just a tool.