Which of the Following Statements Is Correct

question 7

Multiple Choice

Which of the following statements is correct?

• A)A parameter is a measure that is calculated from a sample.
• B)Statistics is the science of collecting, organizing, analyzing, interpreting, and presenting data.
• C)For day-to-day business data analysis, most firms rely on a large staff of expert statisticians.
• D)A statistical test result that is significant also has practical importance.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.