When Reading Published Statistics (Numerical Facts), You Should

question 5

Multiple Choice

When reading published statistics (numerical facts) , you should

• A) never believe what you read, because all statistics are lies.
• B) only believe those statistics that are adequately supported.
• C) believe what you read, because they wouldn't be published if they weren't correct.
• D) only believe those statistics that are presented in so-called quality publications.

---

Definitions:

Fair Value

A financial term for the estimated worth of an asset or liability, based on current market conditions.

Commercial Paper

An unsecured, short-term debt instrument issued by companies to finance payroll, receivables, and other short-term liabilities.

Secured Notes

Debt instruments that are backed by a security interest in the borrower's assets, providing more assurance of repayment to the lender.

Debentures

A type of debt instrument that is not secured by physical assets or collateral but is backed by the general creditworthiness and reputation of the issuer.