**Statistics a mathematical science form a basic tool in business and manufacturing as well.**

**• MEAN:**

If in a tour, the total money spent by 10 friends is Rs.50000, then the average money spent by each person is Rs.5000.Here5000(50000 /10 )is the mean.

**• MEDIAN:**

If you have 15 things lined up next to each other by their cost, the median cost will be the cost of the thing in the very middle.Here the cost of middle thing is the median.

**• MODE:**

A shopkeeper, selling shirts, keeps more stock of that size of shirt which has more sale. Here thesize of that shirt is the modeamong other.