Management is a very complex task which requires a lot of patience, dedication and a host of other things in order to change the fortune of a company. The top managers certainly get almost all their calls right and this is exactly why they reach at the top. It requires a lot of investigation in order to take a decision or a call, this process is made easier by making use of statistics, every top company makes the use of numbers in order to access where they stand hence the importance of statistics is outlined in the success of every company. This paper will throw light upon various statistics methods and their goals. The usefulness of Statistics will be discussed in detail in this paper. The Importance of Census Census is a Statistic which is used very often by companies who plan to launch a new product in a market. Census is all about an in depth study about population, in an area of business marketing census is of utmost importance without knowing what type of people live in an area it is impossible to know what they would want to buy. Census is also used in surveys all over the world; many top magazines make use of this statistical tool in order to present the facts in front of their readers. The first census is believed to have been taken by the Babylonians, they took census once in 6-7 years to count the no of people and the stock like butter, honey etc available at their disposal. Observational Studies This is another very widely statistical tool used to determine results or to forecast the future, observational studies discovers the correlation between two events for instance the correlation between smoking and lung cancer. The information regarding an area of interest is collected in this type of tool and extensive research is carried out. For instance, in this type of research the activities of both smokers and non smokers will be closely studied and the cases of lung cancer will be compared in both the cases and lastly a conclusion will be arrived at. A classic example of observational studies is “We find that intelligent life evolved on Earth. Naively, one might think that this piece of evidence suggests that life is likely to evolve on most Earth-like planets. But that would be to overlook an observation selection effect.” (Observation Selection Effects, 28 January 2009). The use of this tool is carried out extensively to foresee things and it is a very useful statistical tool. Central Position Central position in Statistics refers to three key terms namely, mean, mode and median. These three terms make up what is known as the central position. Mean, mode and median are properties of statistics which describe the statistical distribution. “Distribution is the set of all possible values for terms that represent defined events. The value of a term, when expressed as a variable, is called a random variable.”(Search data center, 28 January 2009). The article by Stephen Jay titled “The median is not the message” portrays his life story and the importance of central position. The author suffers from Mesothelioma, which is cancer and the doctors, clearly told him that he would only survive for another eight months. The author is convinced that the people view mean and medians as hard realities; this is justified in the article b