# Discriptive knowledge of receivable management

**Tutor description**

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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