Mathematics is the study of numbers, shapes and patterns. The word comes from the Greek word "μάθημα" (máthema), meaning "science, knowledge, or learning", and is sometimes shortened to maths (in England, Australia, Ireland, and New Zealand) or math (in the United States and Canada).

It involves collecting, classifying, summarizing, organizing, analyzing, and interpreting data. The main objective of Business Statistics is to make inferences about certain characteristics of a population in the business domain whether the population is people, objects, or collections of information.