True/False Questions
True/False Questions
True/False Questions
14. Collection of data is not a big problem but meaningful interpretation of data requires a sound knowledge of statistics.
15. The use of various statistical software like MS Excel, Minitab, SPSS, and SAS has reduced the burden of computing
16. A researcher need not have proper knowledge of the levels of data measurement represented by numbers that are to
be analyzed.
17. A population is a collection of a few elements, under statistical investigation.
18. A scientific procedure to make inferences about the population on the basis of sample comes under descriptive
statistics.
19. A descriptive measure computed from a sample is called a statistic.
20. In all the functional areas of business, like accounting, finance, management, and marketing, knowledge of statistics is a
key for decision making.
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