Role of Statistics in Business?

What are the application/uses of statistics in...
Business Management
Accounting
Marketing/Advertising
Finance
Economics

THANKS!:)

Stats is used everywhere in a real firm. Stats is the backbone for market research in marketing, and demographic analysis breakdowns are used in economic analysis of a given area or subject.

Accounting and finance uses stats for financial planning. As the world is uncertain, that must be reflected in future forecasting. we do that with stats.

Business managers use stats for process control, total quality management, and many other uses.

Overall, stats is an actual scientific method we can use to explain phenomena. It's much better than just saying with words "well, i think it's better".

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