Which of the Following Statements Is Correct

question 44

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 data business 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:

Conservation Of Resources

Involves managing natural resources wisely to prevent depletion and ensure sustainability for future generations.

Accountable

Being responsible or answerable for actions or decisions, often in a professional or personal context.

Creative Destruction

The process by which newer innovations lead to the demise of older technologies and business models, driving economic growth.

Products And Methods

The goods produced and the techniques used in the creation of those goods, reflecting the efficiency and innovations in the manufacturing or service process.