All of the Following Statements Are TRUE About Basic Statistical

question 93

Multiple Choice

All of the following statements are TRUE about basic statistical methods to business EXCEPT:

• A)With so much data so easily available, it is becoming increasingly important that people in business understand how to use that data to make good, strategic decisions.
• B)Statistical methods can be used to analyze business data to support good decision making.
• C)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.
• D)The more random the sample, the less accurate the statistical analysis will be, in part, because randomness eliminates bias.

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Definitions:

Logical Table

An abstract representation of data organized in rows and columns, used in database and data warehouse design to logically separate data for ease of understanding and management.

Datasheet

A view in database applications that displays data in a table format, where fields are columns and records are rows.

Query

A request made to a database management system or search engine for information meeting specific criteria.

Report

A structured presentation of data extracted from a database, designed to communicate specific information to the user.