Which of the following statements is not true?
A) A statistic is a single measure (usually numerical)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 may be significant yet have no practical importance.

Question

Quizplus · Accepted Answer

It is not common for most firms to rely on a large staff of expert statisticians for day-to-day data business analysis. While having statisticians on staff is beneficial, many firms use software and tools to assist with data analysis.

Which of the Following Statements Is Not True