An Offensive to Yield Good Results Can Be Short If

question 102

Multiple Choice

An offensive to yield good results can be short if

• A)buyers respond immediately (to a dramatic cost-based price cut or imaginative ad campaign).
• B)competition creates an appealing new product.
• C)the technology needs debugging.
• D)new production capacity needs to be installed.
• E)consumer acceptance of an innovative product takes time.

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Definitions:

Expected Frequencies

Quantitative descriptions of the number of occurrences of events expected to happen in a scientific experiment based on probability distributions.

Fisher's Exact Test

A statistical significance test used to examine the association between two categorical variables in a contingency table, especially useful for small sample sizes.

Yates' Correction

A statistical adjustment made to the chi-squared test for small sample sizes, to better approximate the chi-squared distribution.

Expected Frequencies

The predicted counts of occurrences across different categories or intervals that one would expect by chance.