Statistics can be used in various business and organizational applications. Some examples include: 1. Statistics can help small businesses with financial analysis and accounting by analyzing accounts, cash flow, budgets, and financial positions. Management accounts and balance sheets can provide accurate financial snapshots. 2. Analyzing company reports and statistics like ratios can help businesses make informed decisions about suppliers and customers. It can help avoid credit problems and financial impacts. 3. Performance ratios involving current assets, current liabilities, and cash flows can help track business performance over time. 4. Other applications include search analytics, official government statistics, and marketing analytics to understand customers and markets. Statistics are also used in policing to analyze crime data and

1. VARIOUS APPLICATION OF STATISTICS ANAND RAJ DONALD BRAIN MENDOCA PRASHANTH R. RANBIR RATHOD SHEJO JOSEPH

3. To avoid putting yourself in this situation, a Company Report can be obtained that reviews the suppliers you use. The report information can then be used to help you make a more confident judgement of, say, a new customer you are about to deal with on a credit period basis (or not confident as the case may be). MUCH overlooked is the task of obtaining regular (at least annually) credit reports of EXISTING suppliers: doing so will mean less of you saying “I never thought they would do this to me” when they cease to trade and owe you the equivalent of a year or twos profitability. The larger reports have ratios that are easily understood after a little practise .

5. Eg: Prepaid expenses, Prepaid wages, stock.

6. Current liabilities: When the proprietor is supposed to pay for the goods and services he has brought on credit as when other party demands.

8. Used in cash flow forecasting, a type of market research which was overlooked from sometime in small business.

10. OFFICIAL STATISTICS-Official statistics are statistics published by government agencies or other public bodies such as international organizations. They provide quantitative and qualitative information on all major areas of citizens' lives, such as living conditions, health, education, and the environment. The economic and social development factors of the citizens are considered here

12. The department faced a challenge to convince the people that their support and cooperation is necessary to tackle the crime problems in the city.

13. Using statistical analysis the department was able to prepare document and analyze the multiple variables associated with the problem

15. With statistical analysis software they conducted all marketing research and were able to position products, improve brand image and better allocation of resources

16. With this they were able to increase awareness of there brand image and provided better service.