| The nature of workforce has changed dramatically in the past several decades, due to large part to the infusion of rapidly changing technology. This trend resulted in an increased need for students with greater mathematical and statistical skills. We found that the knowledge necessary for successfully pursuing college-level programs depends on a good foundation in mathematics and statistics that focuses on conceptual understanding, procedural fluency, and the ability to solve problems. This assessment can be used to track student progress, identify particular difficulties. Survey was taken on undergraduate commerce students of University of Mumbai and relevant background factors like gender, medium of instruction, subject opted for HSC, performance at SSC, preparation, were acknowledged to find some correlation. This work reports on some key relationship between these factors and in particular the importance of understanding of basic Mathematical and Statistical concepts. |