The statistics concept is a vital source that is used commonlyin the discipline of mathematics. It is crucial and plays a verysignificant role in order to understand the arrangement as wellas the representation of data. There can be different waysthrough which data can be demonstrated, and statistics is oneof them. It is extremely important in order to show the repostsof a company whether it is about its progress and sales orprofit or loss. The concept of statistics has a variety ofmeasurements that are used in order to evaluate anddemonstrate a data set in a better way. This concept ordiscipline also make very good use of the pictorial forms suchas bar graphs, wheels, etc. in order to show and demonstratea report. Undoubtedly, the statistics and its concepts have avital role to play when it comes to demonstrating the data andprogress of different industries and sectors.