Statistics themselves are extremely accurate. You also need to be aware of two very important, very different and very often misused terms relating to statistics (and other things: accuracy and precision. Accuracy is how exact a measurement is, so in your question you have asked about that.
Furthermore, what is statistics in easy words?
Statistics is a branch of mathematics dealing with data collection, organization, analysis, interpretation and presentation. In addition to being the name of a field of study, the word "statistics" also refers to numbers that are used to describe data or relationships.
Secondly, is a statistic a fact?
A statistic is just a number. But they're more dangerous than words, because numbers are associated with math, and math is associated with fact. But facts are something special. Facts are complete and unbiased enough to tell you something relevant to understanding the past or predicting the future.
What are the three types of statistics?
- Mathematical statistics.
- Data collection.
- Types of data.
- Descriptive statistics.
- Inferential statistics.
- Exploratory data analysis.
- Misinterpretation: correlation.
- Applied statistics, theoretical statistics and mathematical statistics.
What percentage of statistics are wrong?
According to this site, 79.48% of all statistics are made up on the spot. Joke: 70% of all statistics are made up on the spot by 64% of people that produce false statistics 54% of the time they produce them. This guy says, “98% of statistics are made up on the spot.”
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