Statistical methods are no substitute

  • (iii) Statistics is of no use to Economics without data.
    Answer: (i) False Statistics deals with both quantitative data as well as with qualitative data.
    Qualitative data describes the attributes.

  • What are the main limitations of statistics?

    On heterogeneous data, statistics cannot be implemented.
    In gathering, analyzing, and interpreting the data, if adequate care is not taken, statistical findings can be misleading.
    Statistical data can be treated effectively only by a person who has professional knowledge of statistics..

  • What are the two main statistical methods?

    Two main statistical methods are used in data analysis: descriptive statistics, which summarizes data using indexes such as mean and median and another is inferential statistics, which draw conclusions from data using statistical tests such as student's t-test..

  • What does statistics are no substitute for judgment mean?

    Henry Clay, an American politician, made use of the phrase “statistics are no substitute for judgment” to describe the use of data only to emphasise the fact without getting considerate about its relevance.
    However, this phrase is rightly applicable to the ongoing GDP estimation debate in India..

  • Which is the statistical methods?

    Two main statistical methods are used in data analysis: descriptive statistics, which summarizes data using indexes such as mean and median and another is inferential statistics, which draw conclusions from data using statistical tests such as student's t-test..

  • Why statistics has no common sense?

    Statistical data should not be believed blindly as it can be misinterpreted or misused.
    The statistical data may involve personal bias or may undergo manipulations, also, statistical data and methods fail to reveal the errors committed by an investigator while surveying and collecting data.Feb 25, 2020.

  • On heterogeneous data, statistics cannot be implemented.
    In gathering, analyzing, and interpreting the data, if adequate care is not taken, statistical findings can be misleading.
    Statistical data can be treated effectively only by a person who has professional knowledge of statistics.
Comment with examples from your daily life. Statistical data and methods fail to reveal any errors committed by the investigator while collecting the data. Hence it is always better to use one's common sense than believing the statistical methods and data blindly.
It is absolutely true that statistical methods are not the substitute for common sense. Statistical data should not be believed blindly as they can be misinterpreted or misused. The statistical data may involve personal biasedness or may be subjected to manipulations for one's own selfish motives.
Therefore, it is true that the statistical methods are no substitute for common sense as they are often not valid for every entity or situation in the population. For example, Consider that a statistical study concludes that the average height of the women in the world is around 5 feet 3 inches.

Are statistical methods a substitute for common sense?

Statistical methods are no substitute for common sense.
Comment.
It is absolutely true that statistical methods are no substitute for common sense.
Statistical data should not be believed blindly as they can be misinterpreted or misused.
The statistical data may involve a personal bias or may be subject to manipulations for one's own motive.

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Is there such a thing as the statistical method?

There is no such thing as “the statistical method.” This looks like a copied exam problem that was copied without context.
Maybe your professor will Google his or her question and find that you tried to get the answer from people on Quora.
What are 3 situations or issues that can be dealt with through statistical methods correctly? .

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Should statistical data be believed blindly?

Statistical data should not be believed blindly as it can be misinterpreted or misused.
The statistical data may involve personal bias or may undergo manipulations, also, statistical data and methods fail to reveal the errors committed by an investigator while surveying and collecting data.
This can be understood by a story.

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What is a substitution method?

Using the substitution method to balance a reaction where a reactant and product have a polyatomic ion in common.
Want to join the conversation.
Wouldn't it be easier to simply recognize that there are 3 sulphur atoms on the right, so you have to have a 3 coefficient in front of the H2S04 on the left? .


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