Using statistics in decision-making eliminates business risks.

• A. True
• B. Can't say
• C. False
• D. Not enough data

Answer: (B)

Statistics help reduce uncertainty and inform choices, but they don’t remove risk entirely. The claim uses the word “eliminates,” which is an absolute statement that doesn’t fit real business conditions. Even with good data and solid models, there are limits: data can be incomplete or biased, models make simplifying assumptions, and the environment can change in ways that forecasts don’t anticipate. Because of these factors, you can’t guarantee that all risk will disappear simply by using statistics. Whether risk is truly eliminated depends on many factors beyond the statistics themselves, so this isn’t something you can assert universally. A practical takeaway is that statistics improve decision-making by quantifying and managing risk, not by guaranteeing its complete elimination.