Which of the following statements is not true? Multiple Choice A statistic is a single measure (

watch5826c 2022-06-25 Answered
Which of the following statements is not true?
Multiple Choice
A statistic is a single measure (usually numerical) that is calculated from a sample.
For day-to-day business data analysis, most firms rely on a large staff of expert statisticians.
A statistical test may be significant yet have no practical importance.
Statistics is the science of collecting, organizing, analyzing, interpreting, and presenting data.
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Answers (1)

Bruno Hughes
Answered 2022-06-26 Author has 25 answers
The following statement is not true:
For day-to-day business data analysis, most firms rely on a large staff of expert statisticians.
Explanation:
We know that most firms rely on a small staff of expert statisticians for day-to-day business data analysis. We know that there are lot of advance statistical softwares are available. So due to technological enhancement of statistical
Analysis, most firms needs a small staff of expert statisticians Other remaining statements are true Statements. We know that the sample statistic is the function of sample observations.
Statistics is the branch of science which deals with the data collection, organization, analysis, interpretation, ánd presentation of the data.
Also, we know that some statistical test may be significant, but these tests are not practically important.
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