A(n) ________ Is a Methodology Created by a Firm to Gather

question 15

Multiple Choice

A(n) ________ is a methodology created by a firm to gather, assemble, and provide data in a form or forms useful to managers.

• A) TQM program
• B) information system
• C) benchmarking plan
• D) statistical process control

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Definitions:

Type I Error

A Type I Error occurs when a true null hypothesis is incorrectly rejected, often referred to as a "false positive."

Type II Error

A statistical error made when failing to reject a false null hypothesis, also known as a false negative.

Null Hypothesis

is a default hypothesis that there is no significant difference or effect.

Alternative Hypothesis

The alternative hypothesis proposes that there is a statistically significant difference between data sets or effects, contrary to the null hypothesis.