Business Statistics is a branch of statistics that applies statistical methods to solve business problems. It involves collecting, analysing, interpreting, and presenting data to make informed decisions in a business context. Business statistics is used to study and analyse various aspects of a business, such as sales, production, marketing, finance, and operations. It gives companies insights into market trends, consumer behaviour, and financial performance. Some key areas in which business statistics is applied include forecasting, quality control, risk analysis, market research, and data visualisation. Using statistical methods in business can help organisations identify areas for improvement, optimise processes, and make informed decisions based on data-driven insights.