Which of the Following Statements About Business Statistics Is Not

question 118

Multiple Choice

Which of the following statements about business statistics is not true?

• A)Virtually every area of business uses statistics in decision making.
• B)Presenting business statistics always requires the use of a specific graph called a bar chart.
• C)There is a wide variety of uses and applications of statistics in business.
• D)Business statistics can be used to forecast future values and predict trends.

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Definitions:

Happiness Set Point

The theory suggesting individuals have a baseline level of happiness which, despite changes or life events, tends to return to its original level.

Adaptation-Level

A theory suggesting that people adapt to new stimuli and events, eventually perceiving them as normal and using this new norm as a baseline for future judgments.

Emotional Satisfaction

A state of contentment and fulfillment derived from emotional experiences.

External Locus

A belief that one's life events are primarily due to external forces or situations beyond one's control.