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Three Factors Are Required to Specify Sample Size: (1)the Variance

question 14

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Three factors are required to specify sample size: (1)the variance of the population;(2)the population mean;and (3)the confidence level.


Definitions:

Copyright

A form of intellectual property protection that grants the creator exclusive rights to reproduce, distribute, and adapt their original work.

Patent

A legal document granted by the government giving an inventor exclusive rights to manufacture, use, or sell an invention for a certain number of years.

Primary Demand

The total demand for an entire product category rather than for a specific brand.

Selective Demand

Selective demand is the demand for a specific brand or product within a category, rather than the category as a whole, often influenced by marketing and brand differentiation.

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