Practical Statistics is a method where a person who wants to learn basic statistics for work, school, and research can get knowledge. Statistics is a great combination of all fields combined together and helps companies grow further and further. Not restricting the operations to business only, Practical Statistics comes into play for all practical aspects and makes deducing the concepts and results easier. Starting from basic statistical factors like mean, median and mode, to complex factors like decoding stock markets, playing a greater role in genetics and drug manufacturing in the medical field, statistics have come a long way in helping economies to grow and concepts to develop. Statistics is a subject for which the development is going hand to hand together with other technological changes and the subject has well complemented other growth which is favorable for the development of all the concepts.