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Meaning Of Statistics People view Statistics in many different ways. Generally it is considered to be a subject that deals with percentages, charts, graphs, averages and tables. Some people think that Statistics is a subject consisting of rules, methods and techniques of collecting and presenting large amount of numerical information, while others think it is a subject of making inferences about the population on the basis of sample information. The word “Statistics” which comes from the Latin word status, meaning a political state, originally meant information useful to the state, for example, information about the sizes of populations and armed forces.