Which of the Following Statements Is Not True Regarding Probabilities

question 26

Multiple Choice

Which of the following statements is not true regarding probabilities:

• A)probability is the basis for inferential statistics
• B)probabilities are subjective measures with limited value in business.
• C)probabilities are used to determine the likelihood of certain outcomes
• D)probabilities can inform many business decisions.

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Definitions:

Specifying Constraints

Identifying and defining the limitations or restrictions within which a project, plan, or problem must be executed or solved.

Collect Data

The process of gathering information, often through observation, surveys, or measurement, for analysis to support decision making.

Measure Of Success

The criteria or indicators used to evaluate the effectiveness or achievement of a specific goal or objective.

Level Of Awareness

The degree to which a target audience is familiar with a brand, product, or issue, reflecting how recognizable it is.