When a Product Spreads Through the Population, It Is Called

question 246

Multiple Choice

When a product spreads through the population, it is called the

• A) extension of innovation.
• B) proliferation of innovation.
• C) open innovation.
• D) dispersal of innovation.
• E) diffusion of innovation.

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Definitions:

Empirical Rule

A statistical rule stating that for a normally distributed dataset, about 68% of values fall within one standard deviation, 95% within two, and 99.7% within three standard deviations from the mean.

Tchebysheff's Theorem

A mathematical formula that determines the minimum proportion of values that lie within a specified number of standard deviations from the mean, for any distribution.

Mound-Shaped

Mound-shaped describes a symmetrical, bell-shaped distribution of data points, indicative of a normal distribution.

Mode

The value that appears most frequently in a data set, a measure of central tendency.