Before we start, we will take a look at the few definitions of Statistics. Salvanathan had described in these words:
“Statistics is a body of principles and methods concerned with extracting useful information from a set of numerical data to help managers make decisions.” (Selvanathan 1994, p. 3)
and Levine had used the following words:
“Statistical thinking can be defined as thought processes that focus on ways to understand, manage and reduce variation.” (Levine 1997, p. 4)
After understanding the definitions, we will move to the description of subject of this report i.e. Descriptive Statistics. Ronald E. Walpole has described it on page 2 of his book “Introduction to Statistics” in these words: “Descriptive Statistics comprises those methods concerned with collecting and describing a set of data so as to yield meaningful information.”
It means that Descriptive Statistics only results in information about the collected data and in no way draws inferences or conclusions concerning a larger set of data. The construction of tables, charts, graphs, and other relevant computations in various newspapers and magazines usually fall in this area.
The report that I have chosen is published by Join Institute for Energy & Environment, Published in August 2002, research work conducted by Stewart, Steven & Bjornstad ,David J. In this report, the writers have tried to discuss the issue pertaining to the anticommons, over assignment of property rights leads to an underutilization of a commonly used resource, a symmetric result to the tragedy of the commons in which under assignment of property rights leads to the over utilization of a commonly used resource. The anticommons property right is a right to exclude and is relevant to circumstances in which a potential resource user must purchase the right of access from multiple agents, each of which can individually prohibit use.......
