Limitations of Statistics

Results are true only on average:

As discussed above, here the results are interpolated for which time series or regression or probability can be used. These are not absolutely true. If average of two sections of students in statistics is same, it does not mean that all the 50 students is section A has got same marks as in B. There may be much variation between the two. So we get average results.

“Statistics largely deals with averages and these averages may be made up of individual items radically different from each other.” —W.L King

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