Examlex
A marketing professor uses his students as subjects in a blind taste test in order to test the hypotheses that there is a significant difference between three brands of gourmet coffee. He is trying to enhance and extend an existing academic model of consumer choice that is widely used in consumer behavior. This is an example of _____ research.
Unbiased Estimate
A conservative estimate of a population parameter.
Standard Deviation
A measure of the dispersion or variability of a set of data points, indicating how spread out the data are from their mean.
Subtract
The action or method of deducting one number or quantity from another.
Variance
A statistical measure of the dispersal or spread of a set of numbers, indicating how much the numbers vary from the average of the set.
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