Business in the ______ Sector Have to First Assess Their

question 77

Multiple Choice

Business in the ______ sector have to first assess their operations' needs before selecting a specific ERP package.

• A)manufacturing
• B)service
• C)mining
• D)hospitality

---

Definitions:

Alpha Level

The probability of incorrectly rejecting the null hypothesis that is used by a researcher to decide whether an outcome of a study is statistically significant (most commonly, researchers use a probability of .05).

Statistical Significance

Rejection of the null hypothesis when an outcome has a low probability of occurrence (usually .05 or less) if, in fact, the null hypothesis is correct.

Probability Level

The threshold of significance, usually denoted as alpha (α), indicating the likelihood of observing the data if the null hypothesis is true.

Systematic Variance

The part of variance in a set of data that is attributable to identified sources or factors, as opposed to random or error variance.