Test Your Statistics Knowledge
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Questions and Answers

Which field relies heavily on statistical models to assess risk, manage investments, and develop pricing strategies?

  • Public Health
  • Data Science and Machine Learning
  • Market Research and Business
  • Finance and Economics (correct)
  • Which industry uses statistical quality control techniques to monitor and improve product quality, identify defects, and ensure consistency in production?

  • Market Research and Business
  • Finance and Economics
  • Quality Control and Manufacturing (correct)
  • Public Health
  • Which social science field extensively uses statistics to collect and analyze survey data, conduct experiments, and draw conclusions about human behavior, attitudes, and social phenomena?

  • Political Science
  • Sociology (correct)
  • Psychology
  • Anthropology
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