Which Is Not a Likely Area of Application of Statistics

question 3

Multiple Choice

Which is not a likely area of application of statistics in business?

• A)Auditing supplier invoices for correct payment
• B)Questioning the executives' strategic decisions
• C)Looking for patterns in a large marketing database
• D)Making forecasts of several key product lines

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Definitions:

Share Information

The act of making data, knowledge, or insights available to others for the purpose of collaboration or informed decision-making.

Monitor Role

The function of regularly checking and observing the progress or quality of something over a period of time.

Instills Enthusiasm

The process of inspiring excitement and energetic interest in others.

Mintzberg

Refers to Henry Mintzberg, a renowned academic and author known for his work on business strategy, management, and organizational structures.