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:

Employee Contracts

Agreements between employers and employees that outline the terms of employment, duties, and compensation.

Purchasing Decisions

The process of deciding which goods or services to buy, considering factors like price, quality, and personal preferences.

Lawsuit

A legal action brought by one party against another in a court of law, usually seeking a remedy for harm or a decision about rights.

Specific Tasks

Specific tasks refer to particular jobs or duties assigned in the context of a project or a role, often detailing responsibilities in professional settings like legal practices.