The importance of statistics to industry and business is often reflected in the use of various marketing research techniques. Companies use marketing research agencies to conduct quantitative research with consumers for new and existing products. Models can then be developed from the data to derive potential trial, usage and success of these products.
That is not a QUESTION!!
Have you taken Operations Management yet? One thing you will learn is called Statistical Process Control (SPC), which is a statistical technique used to determine whether a process is meeting standards. This requires having some knowledge of statistics. With this process you will evaluate x-bar, R-bar, and p-charts. Probability also comes into use when figuring out Reorder-Points (ROP) and Safety Stock during inventory management. These are just a few examples.
still doing your homework ,hun