There Have Been Considerable Changes That Have Taken Effect Since

question 8

Essay

There have been considerable changes that have taken effect since Porter presented his theories.One such impact is due to the tremendous technological advancement.In light of these changes,examine what potential impact technology has on some of his theories.

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Definitions:

P-Value

The probability of observing results as extreme as those obtained during a statistical hypothesis test, assuming the null hypothesis is true.

Null Hypothesis

A statement used in hypothesis testing that indicates no effect or no difference, and it's the assumption that the experiment aims to test against.

Test Statistic

A numerical value calculated from a sample data set. It is used in statistical hypothesis testing to determine how extreme the observed data is compared to the null hypothesis.

Standard Error

A statistical measure that quantifies the amount of variability or uncertainty in a sample statistic estimate of a population parameter.