statistics had a great role in the business and commerce field . it also had agreat role in the field of research.
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what are the general field of statistics?
Statistics as a numerical facts are data collected and organised numerically, whilst Statistic as a discipline or field of study which involves collecting, organizing, summarizing and presenting of data.
In the field of banking and finance, statistic is a necessity. It needs the statistic to monitor and prepare the budget, formulation of policies, to prepare a report for the Board and regulatory authorities, and to monitor the performance of organization.