Which of the following statements is not true regarding probabilities:
A)probability is the basis for inferential statistics
B)probabilities are subjective measures with limited value in business.
C)probabilities are used to determine the likelihood of certain outcomes
D)probabilities can inform many business decisions.

Question

Which of the following statements is not true regarding probabilities: 
A)probability is the basis for inferential statistics
B)probabilities are subjective measures with limited value in business.
C)probabilities are used to determine the likelihood of certain outcomes
D)probabilities can inform many business decisions.

Quizplus · Accepted Answer

This statement is not true as probabilities are not subjective measures and do have significant value in business decision making.

Which of the Following Statements Is Not True Regarding Probabilities