Question
Discuss briefly the nature of statistics.

Answer

The nature of statistics is both; a science and an art.
Statistics as a Science: Statistics is a science because it has a systematised body of knowledge. However, it is not an exact science like Physics or Chemistry because statistical phenomena are affected by multiplicity of causes which cannot be measured accurately.
Statistics as an Art: Statistics is an art because it applies theoretical knowledge to solve the problems of real life.
In statistics, facts related to a problem are collected and analysed and then conclusions are drawn and adequate measures are suggested to solve the problem. So, it can be concluded that statistics is a science, as well as an art.

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