________ Involves Examining a Company's Operating Environment to Identify Opportunities

question 61

Multiple Choice

________ involves examining a company's operating environment to identify opportunities and threats.

• A) Internal analysis
• B) Gap analysis
• C) External analysis
• D) Pareto analysis

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Definitions:

Parameter

A numerical characteristic or feature of a population that is estimated using sample data.

Sample Variance

A measure of the dispersion or variability within a sample dataset, indicating how much the individual data points differ from the sample mean.

Population Variance

A measure of the dispersion of a set of data points in a population, calculated as the average of the squared distances of each data point from the population mean.

Unbiased Estimator

A statistical estimator that, when applied repeatedly to numerous samples, gives correct parameter values on average.