Which of the Following Statements Is Not True Regarding Probabilities

question 70

Multiple Choice

Which of the following statements is not true regarding probabilities:

• A)probability is the basis for inferential statistics
• B)probabilities are subjective measures with limited value in business.
• C)probabilities are used to determine the likelihood of certain outcomes
• D)probabilities can inform many business decisions.

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Definitions:

Mind Map

A visual representation of information that shows the relationships between different concepts.

Note Taking System

An organized method for recording information from lectures or readings in a structured manner to facilitate learning and recall.

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, responsible for processing and sending out nerve signals.

Flow Chart

A diagram that displays a process or system using symbols and arrows to illustrate the sequence of steps.