You are correct, using statistics to help make business decisions can indeed help reduce risks. Statistics provide a way to analyze and interpret data, allowing executives to make informed decisions based on trends and patterns. By gathering and analyzing relevant data, businesses can identify potential risks and take appropriate measures to mitigate them. Statistics can also help quantify and assess the probability of certain outcomes, which further aids in risk reduction. Therefore, option d) "reduce risks" accurately describes one of the advantages of using statistics in making business decisions.
