Module 1 Statistics Fundamentals Quiz

Statistics is the science of collecting, organizing, analyzing, and interpreting numerical data. It is important as it helps in making decisions, understanding various phenomena, and drawing conclusions based on data.

The applications of Statistics include business, economics, social sciences, and natural sciences. The scope of Statistics encompasses data analysis, probability theory, and statistical inference.

The limitations of Statistics include the dependence on accurate data, the potential for misinterpretation, and the inability to account for all variables in a complex system.

<p>The types of Statistics include descriptive statistics, inferential statistics, and applied statistics.</p> Signup and view all the answers

<p>Understanding Statistics is crucial for making informed decisions in fields such as finance, healthcare, and public policy. It provides a framework for evaluating data and drawing meaningful conclusions.</p> Signup and view all the answers

<p>Weightage = 20%</p> Signup and view all the answers

<p>Applications of Statistics / Scope of Statistics</p> Signup and view all the answers

<p>Limitations of Statistics</p> Signup and view all the answers

<p>Definitions</p> Signup and view all the answers

<p>Weightage = 20%, Definitions, Applications of Statistics / Scope of Statistics, Limitations of Statistics, Types</p> Signup and view all the answers