After Breaking the Scientific Method into Four Steps, What Is

question 11

Multiple Choice

After breaking the scientific method into four steps, what is the final step of analyzing a business opportunity?

• A) Analysis of the facts
• B) Implementation of an action plan
• C) Observe the progress of this alternative and adjust it as required
• D) Select the best alternative and implement it

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Definitions:

Regression Line

A line of best fit through a scatter plot of data points that shows the linear relationship between two variables.

Linear Regression

A statistical method used to model the relationship between a dependent variable and one or more independent variables by fitting a linear equation to observed data.

Standard Error

A measure of the statistical accuracy of an estimate, indicating the variability of an estimate when different samples are taken from the same population.

Estimate \(sε\)

A statistical method used to approximate the standard deviation of the sampling distribution of a statistic.