All of the Following Control Measures Would Come from Statistical

question 92

Multiple Choice

All of the following control measures would come from statistical reports EXCEPT ________.

• A)percentage of market held
• B)average dollar per sale
• C)salespersons' ability to put themselves in the customers' shoes
• D)number of customer visits per salesperson
• E)number of customer impressions per advertising medium

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Definitions:

Incremental Validation

A process of progressively verifying the steps or components of a model, system, or theory to ensure its accuracy or validity at each stage.

Null-hypothesis Significance Testing

A statistical method used to determine if there is enough evidence in a sample of data to infer that a certain condition holds true for the entire population.

P-value

A statistical measure that helps scientists determine the strength of their evidence; it indicates the probability of observing their data, or something more extreme, if the null hypothesis were true.

Statistically Significant

A term indicating that the results of an analysis are unlikely to be due to chance, according to a predefined threshold of probability.