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What are the applications of statistics in business?

Answer:

Varied applications. A few are:

1. Which group of customers are more valuable (profitable) to the business

2. How vary the business results are from the average

4. Predict the business future using statistics based on the assumptions

First answer by Dsavio. Last edit by Dsavio. Contributor trust: 11 [recommend contributor recommended]. Question popularity: 18 [recommend question].