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 business data 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

Most firms do not have a large staff of expert statisticians for day-to-day business data analysis. They typically rely on software and tools that can perform statistical analysis automatically or with minimal input from non-experts.

Which of the Following Statements Is Not True