Determine whether the following statement is true or false: In exact time, a day is $\frac{1}{360}$ th of a year. True False

Step 1 ：Determine whether the following statement is true or false: In exact time, a day is \(\frac{1}{360}\) th of a year.

Step 2 ：To determine whether the statement is true or false, we need to calculate the exact fraction of a year that a day represents. We know that a year typically has 365 days, so we can calculate the fraction by dividing 1 by 365. If this fraction equals 1/360, then the statement is true. Otherwise, it is false.

Step 3 ：Calculate the fraction: \(\frac{1}{365} = 0.0027397260273972603\)

Step 4 ：Compare the calculated fraction with \(\frac{1}{360}\). Since they are not equal, the statement is false.

Step 5 ：Final Answer: The statement is \(\boxed{\text{False}}\).