All of the following statements are TRUE about the language of statistics EXCEPT:
A)Business professionals rely heavily on inferential distributions.
B)Statistics often refer to populations and samples.
C)Businesses can use various statistical methods in many areas to get a better understanding of the organization.
D)Statistics can be used to determine effectiveness of advertising campaigns, to understand what factors contribute to the demand for your products, to spot seasonal trends in the sales of certain products, and much more.

Question

Quizplus · Accepted Answer

While inferential statistics are a common tool in the field of statistics, they are not the only aspect of the language of statistics. There are many other techniques and methods that can be used in a wide range of applications, such as descriptive statistics or predictive modeling.

All of the Following Statements Are TRUE About the Language