Showing posts with label Limitations. Show all posts
Showing posts with label Limitations. Show all posts

Limitations of Statistics

Limitations of Statistics


Statistics is a branch of mathematics that is used to collect, analyze, and interpret numerical data. Statistics is a powerful tool that is used in a wide range of fields, from scientific research to business to government. However, like any tool, statistics has its limitations. In this article, we will discuss some of the limitations of statistics.

Sample Size: 

One of the biggest limitations of statistics is sample size. The sample size refers to the number of observations in a dataset. In order to obtain reliable and accurate results, the sample size needs to be large enough. If the sample size is too small, the results may be skewed, and they may not accurately reflect the population being studied. For example, if a survey only includes a small number of participants, the results may not accurately represent the views of the entire population.

Business Analytics

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