The correct answer is False.

A series is a one-dimensional array capable of holding any data type, but it is not labeled. A labeled array is an array that has a name for each element. This allows you to access the elements of the array by name, rather than by index.

For example, the following code creates a labeled array called my_array:

python
my_array = ['a', 'b', 'c']

You can then access the elements of the array by name:

“`python
print(my_array[‘a’])

Output: a

“`

You can also assign values to the elements of the array by name:

python
my_array['b'] = 'b'

The following code creates a series called my_series:

python
my_series = [1, 2, 3]

You can then access the elements of the series by index:

“`python
print(my_series[0])

Output: 1

“`

You can also assign values to the elements of the series by index:

python
my_series[1] = 2

However, you cannot access the elements of a series by name.