QUESTION 1 The best decision makers 0 use the quantitative data they are given to drive their decision making. 7' use the appropriate analysis of data they have satised themselves are valid as a tool to inform their decision making. " rely on the recommendations of their data analysts. 7' accept the data and conclusions of "experts." scientists, researchers, politicians, governments, and other ofcial sources at face value. QUESTION 2 Statistics O is the process of generating or collecting, organizing, analyzing, interpreting, and presenting data. 7' are calculations made from sample data. Te)\" ' both A and B. ' neither A or B. QUESTION 3 The limitations of statistics include analyst bias. logic. exchange rates. LIBOR. To what did the following quote from the instructor's notes refer? "There are lies, damned lies, and statistics." 7' analyst bias. " analyst mindset. 7' analyst ethics. ' consumer bias. QUESTION 5 Deconstructing a process into its component parts and determining how those parts relate to each other and the overall purposes of the process is an example of 7' analyst mindset. 7' data validity. ' analyzing. ' inductive reasoning