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i. If the null hypothesis β4 = 0 is not rejected, then the independent variable X4 has a strong effect in
Predicting the dependent variable.
ii. A dummy variable is added to the regression equation to control for error.
iii. A variable whose possible outcomes are coded as a "1" or a "0" is called a strong independent
Variable.
Automated
Involves using technology to execute tasks and processes with minimal human intervention, enhancing efficiency, accuracy, and speed in operations.
Unskilled Labor
Refers to a segment of the workforce that requires no specific skills or education to perform their jobs.
Self-serve
A service model that enables customers to perform services themselves without the need for direct service employee interaction.
Marketing Concern
Issues or areas of interest specific to the marketing field, such as customer satisfaction, brand perception, or market segmentation.
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