An Abundance of Competitors and Choices Have Conditioned Customers to Want

question 39

True/False

An abundance of competitors and choices have conditioned customers to want higher quality,faster delivery,and products and services tailored to their individual needs albeit at a higher total cost.

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Definitions:

Random sample

A selection made in such a manner that every subset of the population has an equal probability of being picked.

Margin of error

An expression of the amount of random sampling error in a survey's results.

Population variance

A measure of the dispersion of all data points within a population, squared from the mean of the population.

Confidence interval

A gamut of numbers, produced from sample statistics, believed to enfold the covert value of a population parameter.