The Minimum Size Customer That a Salesperson Should Call on Is

question 8

True/False

The minimum size customer that a salesperson should call on is closely related to the cost of making a sales call.

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Definitions:

Sample Size

Sample size refers to the number of individual observations or data points collected and used in a statistical analysis.

Variable

Any characteristic, number, or quantity that can be measured or counted and which can vary across subjects in a study.

Confidence Interval

A range of numerical values, calculated from analysis of sample data, which is likely poised to include an unidentified population parameter.

Confidence Interval

A statistical range, derived from sample data, that is likely to contain the true population parameter with a specified level of confidence.