Final answer:
The correct statement is that 2.54 cm is an exact number. The other options are incorrect.
Step-by-step explanation:
In the given statement, 2.54 cm is defined to be 1 inch. This means that both sides of the conversion factor are exact numbers. Therefore, the correct statement is that 2.54 cm is an exact number (Option A).
Option B (2.54 cm is a measured number) is incorrect because the conversion factor is defined and not obtained through measurement or estimation.
Option C (2.54 cm is an inexact number) is also incorrect because both sides of the conversion factor are exact.
Option D (In a calculation involving the conversion of speed from inches to centimeters, the final answer should have 3 significant figures because 2.54 only has 3 significant figures) is not applicable because the provided information in the question does not involve any calculations with the speed of a worm.
Option E (2.54 cm is measured but it is really 2540000000) is also incorrect because 2.54 cm is defined to be 1 inch and is not a measurement value that represents 2540000000.