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Test Bank Business Statistics Communicating with Numbers 3rd Edition By Sanjiv Jaggia A+
- From Business, General Business
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Description
1. A knowledge of statistics provides the necessary tools to differentiate between sound and questionable conclusions.
TRUE
To make intelligent decisions we all have to understand statistics – the language of data.
AACSB: Reflective ThinkingAccessibility: Keyboard Navigation
Blooms: Remember Difficulty: 1 Easy
Learning Objective: 01-01 Describe the importance of statistics.
Topic: The Relevance of Statistics
2. Statisticsisthe methodology of extracting unnecessary information from a data set.
FALSE
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