_____ Means Extending the Search for and Commercializing New Ideas

question 6

Short Answer

_____ means extending the search for and commercializing new ideas beyond the boundaries of the organization and even beyond the boundaries of the industry.

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Definitions:

Type I Error

The error made when a true null hypothesis is incorrectly rejected.

Type II Error

The error that occurs when a false null hypothesis is not rejected, also known as a "false negative."

Probability

The degree to which something is likely to happen, quantified as a number between 0 (impossible) and 1 (certain).

P-Values

Probabilities used to quantify the significance of findings, or the likelihood that the observed data occurred by chance under the null hypothesis.