Paraphrase Statistics can be used to manage and identify risk. Statistics, for instance, could be used by a dentist office to monitor the frequency of unfavorable events, which could help guide risk management plans. Statistics can be used to manage and identify risks. To identify potential risks and create mitigation strategies, a dental practice, for instance, might use statistics to analyze the incidence of complications or adverse events. To sum up, teaching statistics to employees at all organizational levels can help with forecasting, decision-making, quality control, performance measurement, understanding variability, and risk management