Sadie Runs a Local Ice Cream Stand and Is Developing

question 213

Multiple Choice

Sadie runs a local ice cream stand and is developing a new type of ice cream sundae. She just sent a press release to the local newspaper and updated her website with information about the new sundae. Based on this information, Sadie is most likely in the _____ stage of the new-product development cycle.

• A)screening
• B)commercialization
• C)business analysis
• D)concept testing
• E)product development

---

Definitions:

Linear Model

A mathematical model that assumes a linear relationship between the input variables (independent) and the single output variable (dependent).

Scatterplot

An illustrative technique in statistics that depicts the correlation between two distinct sets of data using a collection of points on a two-dimensional graph.

Data Set

A collection of related sets of information that are composed of separate elements but can be manipulated as a unit by a computer.

Residuals

The differences between observed values and the values predicted by a model in statistical analysis.