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The standard deviation of the ages of a sample of 16 executives from the northern states was 8.2 years; while the standard deviation of the ages of a sample of 25 executives from the southern states was 12.8 years. At = 0.1, test to see if there is any difference in the standard deviations of the ages of all the northern and southern executives.
New-product Strategy Development
A process involving market research, product development, and marketing strategies to launch a new product successfully.
Product Assessment
The evaluation process of a product's performance, features, and market potential to determine its viability and success in the market.
Disruptive Innovation
An innovation that significantly alters the market landscape by introducing simplicity, convenience, accessibility, or affordability where complexity and high cost are the status quo.
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