Which of the following statements is not true?
A) Dealing with uncertainty includes measuring uncertainty.
B) Dealing with uncertainty includes modeling uncertainty explicitly into the analysis.
C) Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution.
D) Uncertainty is a key aspect of most business problems,and dealing with uncertainty requires a basic understanding of probability.

Question

Quizplus · Accepted Answer

The statement "Dealing with uncertainty includes eliminating uncertainty by using the normal probability distribution" is not true because uncertainty cannot be eliminated completely. Additionally, normal distribution is just one type of probability distribution and may not be suitable for all situations. Dealing with uncertainty involves acknowledging its presence and identifying the range of possible outcomes, rather than trying to eliminate it completely.

Which of the Following Statements Is Not True