Managers Need an Understanding of Statistics to Be Able to Present

question 32

True/False

Managers need an understanding of statistics to be able to present and describe information accurately,draw conclusions about large populations based on small samples,improve processes,and make reliable forecasts.

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Definitions:

Convenience Sampling

A non-probability sampling technique where subjects are selected because of their convenient accessibility and proximity to the researcher.

Random Sampling

A technique used in research to select a sample in which each member of the population has an equal chance of being included.

Privacy

Refers to the state or condition of being free from unauthorized intrusion or disclosure of personal information.

Informed Consent

A process in healthcare and research, ensuring individuals are fully informed about procedures, risks, benefits, and alternatives before making a decision to participate or undergo a procedure.