Research Designed to Assist the Decision Maker in Determining,evaluating,and Selecting

question 35

Multiple Choice

Research designed to assist the decision maker in determining,evaluating,and selecting the best course of action in a given situation is called ________.

• A) conclusive research
• B) subjective research
• C) exploratory research
• D) observational research
• E) supporting research

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Definitions:

Confidence Coefficient

The probability level associated with a confidence interval, indicating the frequency with which an estimated interval would include the parameter if the experiment were repeated.

T Value

A value computed from a sample data used in a t-test in statistics that measures the size of the difference relative to the variation in your sample data.

Confidence Interval

A swath of numerical values, from statistics of a sample, aimed at covering the unascertained value of a population parameter.

Margin of Error

The half-width of a confidence interval, representing the maximum expected difference between the true population parameter and a sample estimate of that parameter.