Carli Is a Manager at PetsCo and Is Leading the Development

question 53

True/False

Carli is a manager at PetsCo and is leading the development of the BSC for the company. She is correct in explaining to her development team that management may need to adjust its strategic objectives if their expectations regarding relationships between several strategic objectives are not supported by statistical analysis.

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Definitions:

Nominal Data

Data that consist of names, labels, or categories without any inherent order or ranking among them.

Natural Order

The sequence or arrangement of elements according to their inherent characteristics, often used in sorting algorithms.

Proportions

Measures that express the relationship of a part to the whole, typically in the form of a fraction or percentage.

Ordinal Data

Ordinal data is a type of categorical data with a set order or scale, but without a standardized difference between the categories, such as rankings or levels of satisfaction.