The Statistical Analysis Used to Compare Values Obtained by a New

question 16

Multiple Choice

The statistical analysis used to compare values obtained by a new method with those obtained by an established method is:

• A) a Student t test.
• B) standard deviation.
• C) regression analysis.
• D) limit of detection.

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Definitions:

Market Penetration

The strategy of increasing sales of existing products to existing market segments without changing the product.

Strengths and Weaknesses

An assessment of the internal factors that positively (strengths) or negatively (weaknesses) affect an organization's capability to meet its objectives.

Competitor Analysis

The process of evaluating competitors' strategies, strengths, weaknesses, and market positions to identify opportunities and threats in the marketplace.

SBU Portfolio

Stands for Strategic Business Unit Portfolio, describing the mix of business units within a corporation, each with its strategic direction.