Question

While using existing statistics limitations associated with using them. Describe some of the limitations of existing statistics?

Answer 1

Some limitations of existing statistics include the difficulty in analyzing and parameterizing the data, the challenge in communicating statistical information effectively, and the reliance on software and hardware requirements.

Step-by-step explanation:

1. Difficult to analyze: Existing statistics can be challenging to analyze due to the complex nature of the data and the various variables involved. It often requires special software or statistical techniques to interpret the data accurately.
2. Difficult to parameterize: Determining the appropriate parameters to use in statistical analysis can be challenging. Choosing the wrong parameters or assumptions can lead to inaccurate conclusions.
3. Difficult to communicate: Statistics can be complex and difficult to communicate effectively to a general audience. Presenting statistical information in a way that is easily understandable and meaningful to others can be a challenge.
4. Limited by software and hardware requirements: Analyzing large data sets or conducting complex statistical calculations may require advanced software and hardware, which may not be readily available to everyone.