Department of Marketing BUSINESS STATISTICS-I [In English]

What is Statistics?

The word "Statistics" has been derive from the Latin word "Status" or Italian word "Statista" or German word "Statistika”. Each of these words means Political State. Initially, Statistics was used to collect the information of the people of the state about their income, health, illiteracy and wealth etc.

But now a day, Statistics has become an important subject having useful application in various fields in day to day life.