When Managers Use the Decision Process to Make Decisions,which Information

question 135

Multiple Choice

When managers use the decision process to make decisions,which information is used to make predictions about the amount of expected sales for Product XYZ?

• A) historical data from the accounting system only
• B) data outside the accounting system only
• C) data outside the organization only
• D) A and B

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Definitions:

Degrees of Freedom

The number of independent values or quantities that can be assigned to a statistical distribution.

F Statistic

A ratio used in ANOVA tests to determine if the means between two or more groups are significantly different.

Null Hypotheses

Postulates that assume no variance between specified variables in a study, used for statistical testing.

Research Hypotheses

Statements made by researchers that predict a relationship between two or more variables.