Commerce Exam  >  Commerce Questions  >  With regards to distrust of Statistics which ... Start Learning for Free
With regards to distrust of Statistics which of the following statements is not correct?
  • a)
    Statistics is a rainbow of lies
  • b)
    Statistics are tissues of falsehood
  • c)
    Statistics express the facts in numbers
  • d)
    There are three kinds of lies-lies, damned lies and statistics
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
With regards to distrust of Statistics which of the following statemen...
Statement: Statistics express the facts in numbers

Reasoning:
- Statistics is a branch of mathematics that deals with the collection, analysis, interpretation, presentation, and organization of data.
- It involves the use of numerical data to draw conclusions and make informed decisions.
- Statistics helps in summarizing and simplifying complex sets of data, making it easier to understand and interpret.
- By expressing facts in numbers, statistics provides a quantitative representation of information, allowing for comparisons, trends, and patterns to be identified.
- It enables researchers and decision-makers to make evidence-based decisions and predictions.
- Therefore, the statement "Statistics express the facts in numbers" is correct.

Incorrect Statements:
a) Statistics is a rainbow of lies
- This statement implies that statistics is completely unreliable and deceptive.
- However, statistics itself is a tool that can be used to reveal truths and patterns hidden within data.
- While it is true that statistics can be misused or manipulated to present a biased or false narrative, this does not undermine the field of statistics itself.
- It is important to differentiate between the misuse of statistics and the inherent value of statistical analysis.

b) Statistics are tissues of falsehood
- Similar to the previous statement, this implies that statistics are inherently false and misleading.
- However, statistics are based on data and evidence, and when used correctly, they provide valuable insights and information.
- Misinterpretation or misrepresentation of statistics can occur, but this does not invalidate the entire field of statistics.

d) There are three kinds of lies - lies, damned lies, and statistics
- This statement is often attributed to Mark Twain, but it is a humorous exaggeration rather than a literal truth.
- It highlights the potential for statistics to be manipulated or misused to support false claims.
- However, it does not imply that statistics are always lies.
- Like any tool, statistics can be used for both honest and dishonest purposes.

Conclusion:
The correct answer is option 'C' because statistics do express facts in numbers and provide a quantitative representation of information. The other statements incorrectly portray statistics as inherently deceptive or false, which is not accurate.
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
Explore Courses for Commerce exam

Top Courses for Commerce

With regards to distrust of Statistics which of the following statements is not correct?a)Statistics is a rainbow of liesb)Statistics are tissues of falsehoodc)Statistics express the facts in numbersd)There are three kinds of lies-lies, damned lies and statisticsCorrect answer is option 'C'. Can you explain this answer?
Question Description
With regards to distrust of Statistics which of the following statements is not correct?a)Statistics is a rainbow of liesb)Statistics are tissues of falsehoodc)Statistics express the facts in numbersd)There are three kinds of lies-lies, damned lies and statisticsCorrect answer is option 'C'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about With regards to distrust of Statistics which of the following statements is not correct?a)Statistics is a rainbow of liesb)Statistics are tissues of falsehoodc)Statistics express the facts in numbersd)There are three kinds of lies-lies, damned lies and statisticsCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With regards to distrust of Statistics which of the following statements is not correct?a)Statistics is a rainbow of liesb)Statistics are tissues of falsehoodc)Statistics express the facts in numbersd)There are three kinds of lies-lies, damned lies and statisticsCorrect answer is option 'C'. Can you explain this answer?.
Solutions for With regards to distrust of Statistics which of the following statements is not correct?a)Statistics is a rainbow of liesb)Statistics are tissues of falsehoodc)Statistics express the facts in numbersd)There are three kinds of lies-lies, damned lies and statisticsCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of With regards to distrust of Statistics which of the following statements is not correct?a)Statistics is a rainbow of liesb)Statistics are tissues of falsehoodc)Statistics express the facts in numbersd)There are three kinds of lies-lies, damned lies and statisticsCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of With regards to distrust of Statistics which of the following statements is not correct?a)Statistics is a rainbow of liesb)Statistics are tissues of falsehoodc)Statistics express the facts in numbersd)There are three kinds of lies-lies, damned lies and statisticsCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for With regards to distrust of Statistics which of the following statements is not correct?a)Statistics is a rainbow of liesb)Statistics are tissues of falsehoodc)Statistics express the facts in numbersd)There are three kinds of lies-lies, damned lies and statisticsCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of With regards to distrust of Statistics which of the following statements is not correct?a)Statistics is a rainbow of liesb)Statistics are tissues of falsehoodc)Statistics express the facts in numbersd)There are three kinds of lies-lies, damned lies and statisticsCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice With regards to distrust of Statistics which of the following statements is not correct?a)Statistics is a rainbow of liesb)Statistics are tissues of falsehoodc)Statistics express the facts in numbersd)There are three kinds of lies-lies, damned lies and statisticsCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice Commerce tests.
Explore Courses for Commerce exam

Top Courses for Commerce

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev