Nidhi VermaAssistant Professor,Mgt.

PCTE Group of Institutes

PCTE Group of Institutes

PCTE Group of Institutes

PCTE Group of Institutes

When you can measure what you are speaking about and express in numbers, you know something about it; but when you cannot measure it, cannot express it in numbers, your knowledge is of a meagre and unsatisfactory kind”.

Lord Kelvin

PCTE Group of Institutes

Medical Research Marketing Economics Finance(financial risk) Insurance Human Resource Management Business Commerce and industry( Business cycle)

Physical and natural sciences

PCTE Group of Institutes

Statistics does not deal with individual figures

Statistics does not study qualitative data.

Statistical laws are not exact. Statistics can be misused.(the figures don’t lie, but the liars can figure)

It require a high degree of skill and understanding of the subject.

PCTE Group of Institutes