Think Back to a Time When You Have Said,"This Is

question 51

Essay

Think back to a time when you have said,"This is great idea.How come nobody thought of this before?" Assuming no one has thought of it before,what would be the first steps to take to develop a new product idea?

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Definitions:

Sampling Distribution

The distribution of a statistic over many repeated samples drawn from the same population.

Standard Deviation

A tool for measuring the degree to which data points are scattered or spread apart.

Population Mean

The sum of all values in a population divided by the total number of values.

Judgment Sample

A sampling technique where the samples are chosen based on the judgment of the researcher, rather than random selection.