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:

External Environment

Comprises all external forces, including economic, technological, socio-cultural, and political/legal factors, that can influence an organization's operations and outcomes.

Cognitive Intelligence

The ability of an individual to learn from experience, reason, remember important information, and cope with the demands of daily living.

Emotional Intelligence

The ability to recognize, understand, manage, and reason with emotions in oneself and others.

Emotional Labor

The process of managing feelings and expressions to fulfill the emotional requirements of a job.