Question

Which of the following can be treated as a limitation of statistics?
(A) Statistics helps in the formulation of various policies.
(B) Statistical laws are not exact.
(C) Statistics make forecasting easier.
(D) All of the above.

Answer 1

Hint: Here check every option one by one and verify it. We know that statistics may lead to errors in data. Now, check option (A). Since it leads to error so, it can’t be used in forecasting too. Now, get the correct option.

Complete step by step answer:
According to the question, it is asked to find the limitations of statistics.
First of all, let us check the first option given.
In the first option, we have “Statistics helps in the formulation of various policies.”
But we know that statistics leads to error in the data which might be misused by the people with wrong policies. Also, they can manipulate the data to gain favor or popularity. For instance, eg. A politician can misuse the statistics on employment to win people’s hearts and remain in power.
Therefore, statistics can’t be used to formulate policies.
So option (A) is not correct.
Now, checking option (B).
In option (B), we have “Statistical laws are not exact.”
We know that the laws of statistics are not exact that is, Statistical laws are not exact. So, option (B) is the correct one.
Now, checking option (C).
In option (C), we have “Statistics make forecasting easier.”
Since statistics lead to error in the data so we can say that it can’t be used in forecasting. So, option (C) is also not correct.

So, the correct answer is “Option B”.

Note: Whenever this type of question comes always try to verify all the options one by one. To solve these types of questions, always follow the basic property of the statistics that is statistics sometimes leads to errors in data. Therefore, to avoid mistakes, one must keep this point in his mind.