This document provides an introduction to business statistics. It discusses the origin of the word statistics from Latin and other European languages. It was originally used to count people for purposes like calculating the number of young men available for the army or estimating land revenue. The document defines statistics both in its plural sense, referring to data like income, production and prices, and in its singular sense, referring to statistical methods, data collection and analysis. It outlines some key features of statistics, such as statistics involving aggregates of facts that are numerically expressed and affected by multiple causes.

1. Business statistics
INTRODUCTION
MADE BY : BHUPINDER KAUR
S.D.COLLEGE AMBALA CANTT

2. ORIGIN OF STATISTICS
origin Latin word =status
Italian word = statista political
German word =statistik state
Need :

4. To know the young men in
country that can be recruited in
the army
To calculate the amount of land
revenue that can be collected

5. Meaning of statistics
Plural sense Singular sense
income , production,
expenditure, population,
prices etc,.

6. Singular sense
• Statistical methods
• Collection of data
• Classification of data
• Presenting data
• Analysing data
• Interpretation

7. Definitions
Plural sense Singular sense
• Statistics are numerical
statements of facts in any
department of enquiry
placed in relation to each
other.
-bowley
• Statistics may be defined
as the collection,
presentation, analysis
and interpretation of
numerical data.
• - croxton and
cowden

8. Features of statistics
• Aggregate of facts
• Numerically expressed
• Affected by multiplicity of causes
• Reasonable accuracy
• Placed in relation to each other
• Pre determined purpose
• Enumerated or estimated
• Collected in systematic manner