Abstract: Statistical fallacy has been a menace in the field of sciences. This is mostly contributed by the misconception of analysts and thereby led to the distrust in statistics. This research investigated the conception of students from selected departments on statistical concepts as it relates statistical fallacy. Students in Statistics, Economics, Psychology, and Banking/Finance department were randomly sampled with a sample size of 36, 43, 41 and 38 respectively. A Statistical test was conducted to obtain their conception score about statistical concepts. A null hypothesis which states that there will be no significant difference between the students’ conception of statistical concepts with respect to their departments was tested using One-way Analysis of Variance (ANOVA). The hypothesis was rejected based on F(3,157) = 23.471 and p-value < 0.001 which suggests statistical significant difference in their conceptions. It was then found out that Statistics students have a higher understanding about statistical concepts followed by Economics, Psychology and Banking/Finance students with a low understanding of Statistical concepts using a post-hoc (Tukey HSD) test and mean chart.