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"Statistics is the branch of study in which there is a practice of developing human knowledge by using empirical data expressed in quantitative form. Statistics are generally considered a distinct mathematical study and not a branch of mathematics. The whole process of statistical analysis involves the collection of data and then summarizing the data into a readable numerical form. Statistics has tools for forecasting through the use of data and statistical models. Statistics is a study which is applicable to various academic subjects such as Finance, Insurance, and Economics. "

Statistics means, “aggregate of facts affected to marked extent by multiplicity of causes, numerically expressed, enumerated or estimated according to a reasonable standard of accuracy, collected in a systematic manner for a predetermined purpose and placed in relation to each other.”- Horace

Statistics is all about deciphering the result from the huge complex data’s. It is a tool to understand and measure the facts in the world around us better, where we measure a sample from a large population, using the statistical methods accordingly. Researchers, Doctors, Scientists, Government, Economists and many others use its benefits for coming on the conclusions.

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