All of the Following Statements Are TRUE About the Language

question 69

Multiple Choice

All of the following statements are TRUE about the language of statistics EXCEPT:

• A)Business professionals rely heavily on inferential distributions.
• B)Statistics often refer to populations and samples.
• C)Businesses can use various statistical methods in many areas to get a better understanding of the organization.
• D)Statistics can be used to determine effectiveness of advertising campaigns, to understand what factors contribute to the demand for your products, to spot seasonal trends in the sales of certain products, and much more.

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Definitions:

Chi-Squared Test

A statistical test used to examine differences between categorical variables in a contingency table, testing for independence or goodness of fit.

Nominal Variables

Variables that represent categories with no inherent order or rank among them.

Test Statistic

A figure derived from data within a sample during an empiric test, employed to determine the necessity of dismissing the null hypothesis.

Seat Belts

Equipment installed in vehicles to shield individuals from injurious motion during crashes or sudden stops.