Statistics is the science of the collection, organization and interpretation of numerical data. It is the branch of mathematics that involves the use of quantified representations, models for the representation and analysis of given empirical and real data. Statistics is a developing discipline. It has been defined as the science of counting, science of averages and science of statistics and probabilities. Some statistical measures ;include regression analysis, mean, kurtosis, skewness, analysis of variance and variance. Statistics has a wide variety of applications. Business analytics, econometrics, actuarial science, biostatistics, geostatistics, environmental statistics etc- are some of the fields that require the application of statistics. Scope of this field is tremendous. There is a great demand for statisticians in the insurance sector and other fields like, management science, information technology, bio-informatics, biostatistics, finance etc.. Statistics students make great actuarial scientists.
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