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Questions and Answers
What is the purpose of studying statistics according to the text?
What is the purpose of studying statistics according to the text?
- To collect data
- To make professional decisions involving data (correct)
- To understand statistical methods
- To analyze data
Which field is NOT mentioned as an application of statistical concepts in the business world?
Which field is NOT mentioned as an application of statistical concepts in the business world?
- Marketing
- Finance
- Operating management (correct)
- Personnel
Which of the following is NOT a reason to study statistics according to the text?
Which of the following is NOT a reason to study statistics according to the text?
- An understanding of statistical methods helps in decision-making
- Data are everywhere
- Statistical techniques are used to make decisions
- Statistical methods are used in all careers (correct)
Which course is mentioned as an introduction to statistics?
Which course is mentioned as an introduction to statistics?
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Which field is NOT mentioned as an application of statistical concepts in the business world?
Which field is NOT mentioned as an application of statistical concepts in the business world?
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