The Document That Becomes a Model That Helps the Entrepreneur

question 29

Multiple Choice

The document that becomes a model that helps the entrepreneur and the management team focus on important issues and activities is

• A) the organization chart
• B) the budget
• C) the sales analysis
• D) the business plan

---

Definitions:

P-Value

The probability that the observed data would occur if the null hypothesis were true, used as a measure to decide whether to reject the null hypothesis.

Test Statistic

A numerical figure derived from sample data for the purpose of testing a hypothesis within the field of statistics.

Randomized Block

A design in experiments where the experimental subjects are first divided into blocks based on external factors that might influence the results, and then randomly assign treatments within each block to minimize variability.

Analysis of Variance

A statistical method used to test differences between two or more means by analyzing variance among and between groups.