Which of the Following Is True About Statistics

question 14

Multiple Choice

Which of the following is true about statistics?

• A)Numbers don't lie.All statistics have to be believed.
• B)Statistics can be made to say whatever you want them to say.No statistic should be believed.
• C)Any statistic that is based on data is likely to be correct.
• D)All statistics should be carefully scrutinized before determining whether or not they can be believed.Some are correct, and some are not.

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Definitions:

Plant Manager

An individual responsible for overseeing the daily operations of manufacturing plants and factories.

Profit

The financial gain obtained when the amount earned from a business activity exceeds the expenses, costs, and taxes needed to sustain it.

Network Organization Design

An approach to structuring an organization where coordination and communication rely on informal relationships rather than a formal hierarchy.

Monitor

To regularly observe and check the progress or quality of something over a period of time, ensuring it meets desired standards or objectives.