The advantages and limitations of the statistical approach in scientific research

Statistical approach is based on numbers. The justification of the results obtained has a strong foundation in probability equations, statistics and econometrics. The most frequently used aspects are: sample size, interval estimation or probability distributions. After the introduction of empirical data, it is possible to measure correlations and regressions, variances, statistical deviations and many other aspects. The application of statistics enables creating on the basis of the results obtained from the empirical data: histograms, graphs, diagrams used for constructing scientific reports and eliciting irrefutable conclusions.