You Want to Collect Information to Evaluate Your Salesforce in the Eastern

question 32

Multiple Choice

You want to collect information to evaluate your salesforce in the eastern states.Which of the following would you be LEAST likely to consider in doing so?

• A)sales reports
• B)call reports
• C)expense reports
• D)profit performance in the territory
• E)personality trait assessments

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Definitions:

Population Parameter

A population parameter is a numerical value that represents a characteristic of an entire population, such as its mean or standard deviation.

Point Estimate

A statistical measure that provides the best single value estimate of a population parameter.

Mean Amount

The average value of a set of numbers, calculated by adding all the values and dividing by the count of numbers.

Sample Mean

Sample mean refers to the average of all the data points in a sample taken from a population, serving as an estimate of the population mean.