# Discriptive knowledge of receivable management

May 28th, 2015
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Facts and figures about any phenomenon are called ‘statistics ’. Statistics is the body of methods of obtaining and analysing data in order to base decisions on them. It is a brand of scientific method used in dealing with phenomena that can be described numerically either by counts or by measurements. Thus the work statistics refers either by counts or by measurements. Thus the work statistics refers either to quantitative information or to the method dealing with quantitative information. The methods by which statistical data are analysed are called statistical methods. Although the term is sometimes used more closely to cover the subject statistics as a whole. Statistical methods are applicable a very large number of fields. Statistics is widely employed as a tool in the analysis of problems in natural, physical and social science.

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5.1 STATISTICAL TOOLS AND TECHNIQUESFacts and figures about any phenomenon are called 'statistics '. Statistics is the body of methods of obtaining and analysing data in order to base decisions on them. It is a brand of scientific method used in dealing with phenomena that can be described numerically either by counts or by measurements. Thus the work statistics refers either by counts or by measurements. Thus the work statistics refers either to quantitative information or to the method dealing with quantitative information. The methods by which statistical data are analysed are called statistical methods. Although the term is sometimes used more closely to cover the subject statistics as a whole. Statistical methods are applicable a very large number of fields. Statistics is widely employed as a tool in the analysis of problems in natural, physical and social science.That statistical tools and techniques are used by the researcher for the purpose of analysis of data. Tools and techniques used are given below:Bar diagrams-are the most convincing and appealing ways in which statistical results may be present is through diagrams and graphs. There are numerous ways in which data can be graphically represented. Bar diagrams are commonly used for data analysis. There are different types of bar diagrams. Those used by the researcher as follows:Sub divided bar diagrams: these diagrams are used to represent various parts of the whole. While constructing such a diagram, the var

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