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Three steps to determine which assets and competencies should be leveraged were suggested. The first was to inventory assets and competencies, the second was to find an area where the assets and competencies can be applied to generate advantage and the third was to analyze the potential synergy.
Expected
A term used to describe anticipated outcomes or values in statistical analysis, based on theoretical probability or previous data trends.
Chi-square Statistic
A measure used in statistics to assess how expectations compare to actual observed data, especially in categorical data analysis.
Significance Level
The probability threshold below which the null hypothesis is rejected, often denoted by alpha.
Level of Significance
In statistical hypothesis testing, it is the criterion used for deciding whether to reject the null hypothesis, often represented by alpha (α) and set before the study.
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