Final answer:
The statement is true. The product of a matrix A with dimensions m x k and a matrix B with dimensions k x n is a new matrix AB with dimensions m x n.
Step-by-step explanation:
The statement is true. The product of a matrix A with dimensions m x k and a matrix B with dimensions k x n is a new matrix AB with dimensions m x n. To calculate the (i, j)th entry of the product matrix AB, we need to multiply the elements of the ith row of matrix A with the corresponding elements of the jth column of matrix B and then sum them up.