Which of the Following Is True

question 14

Multiple Choice

Which of the following is true?

• A)Because variation is everywhere, conclusions can be made with certainty.
• B)Statistics gives us a language that is used and understood by some statistically literate people.
• C)Statistics allows us to say how confident we are about a finding based on a clinical trial.
• D)A clinical trial allows us to be certain that a vaccine reduces risk.

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Definitions:

Sales Adjusted

The revision of sales figures to account for returns, allowances for damaged goods, and discounts given.

Cash Basis

An accounting method where transactions are recorded when cash is received or paid, without regard to when the transactions occurred.

Selling and Administrative Expense

Costs incurred by a company from its selling activities and the management of the overall company, excluding production costs.

Cash Basis

A bookkeeping approach that only recognizes earnings and outgoings at the time cash is exchanged.