Statistics as numerical facts involves the use of numbers from a sample in determining the mean, media, mode, variance etc of the given sample of numbers. It is useful in giving more information about an Economic state.
Statistics as a discipline or field of study is the art of the usage of these data in the interpretation and analysis of the different data available.
we know that 20% of the total is peters - and peter has 12 dollars. We know that 20% 5 times gets us to 100%. So we multiply 12 by 5 to get a total answer of 60$
