Which of the Following Statements About Statistics Is FALSE

question 33

Multiple Choice

Which of the following statements about statistics is FALSE?

• A)Statistics can be used to support virtually anything.
• B)Statistical methods and interpretation should not be included in the report process because they are easily misinterpreted.
• C)Statistical interpretation is the only practical and valid method by which some data can be interpreted.
• D)The use of statistical interpretation often seems valid and objective, even when it is not.
• E)All of the above statements are incorrect.

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Definitions:

Indirect Fixed Costs

Costs that are incurred for the benefit of more than one profit center.

Performance Report

A document or record that outlines the performance outcomes, efficiency, and effectiveness of efforts over a defined period.

Profit Center

A segment or division within an organization directly responsible for generating profit through its operations and activities.

Responsibility Accounting

An accounting system that measures the results of each responsibility center, allowing for more effective planning and control within an organization.