does statistics help you at all when investing your money and analyzing a certain stock or mutual fund..?

Absolutely, without a doubt.

However, it would be wise to get a thorough understanding of the various investment options and their risks and returns (stocks, bonds, money market, mutual funds, 401K, etc.), and to understand how stock market analysts crunch the numbers. The concept of "dollar cost averaging" is key to understanding risk mitigation over the long term, as well as balancing your portfolio with stocks and bonds, based on your age, your goals, and your personal risk "appetite."

A tremendously good resource is http://www.morningstar.com
as well as their book "The Morningstar Guide to Mutual Funds."

The book series "......for Dummies" is also excellent. I would recommend any of the investing titles.

thanks alot that was really helpful anyway go yankees and AROD IS THE MVP

That's OK - Big Papi likes his 2004 World Series ring better than that trophy.:p