The Lack of Common Standards for Manufacturing Highly Specialized Equipment

question 65

True/False

The lack of common standards for manufacturing highly specialized equipment is a problem in international sales of industrial products.

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Definitions:

Coefficient Of Determination

A statistical measure that explains how much the variance of one variable explains the variance of the second variable.

Dependent Variable

A variable in statistical modeling whose value is influenced or predicted by one or more other variables.

Independent Variable

A variable in an experiment or model that is manipulated to observe its effect on a dependent variable.

Coefficient Of Determination

A measure used in statistical analysis that assesses the proportion of variance in the dependent variable that can be predicted from the independent variable(s).