After a Research Instrument Is Selected,the Next Step in the Marketing

question 58

Multiple Choice

After a research instrument is selected,the next step in the marketing research process is ________.

• A)selecting a sampling method
• B)interpreting the findings
• C)implementing the research plan
• D)collecting secondary data
• E)selecting a research approach

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Definitions:

Standard Deviation

Standard deviation is a measure of the dispersion or spread of a set of numbers, indicating how much individual numbers in a dataset deviate from the mean or average.

Random Variable

A statistical variable whose outcomes are numeric and result from unpredictable events.

Binomial Distribution

A probability distribution that summarizes the likelihood that a value will take one of two independent states across a number of trials.

Binomial Probability Distribution

A probability distribution that summarizes the likelihood that a variable will take one of two independent values under a given set of parameters or assumptions.