Business statistics is important because it helps companies make smart decisions by looking at data and understanding trends in their operations and market. It allows them to check how well they're doing using things like sales numbers and customer satisfaction scores. Statistics also help manage risks and understand what customers want through market research. Companies can use statistics to make sure they're using their resources wisely, control the quality of their products, and plan for the future. In the end, businesses that use statistics well have an advantage because they make decisions based on evidence and can adapt to changes in the market better.