If a Product Line Is Being Evaluated to Be Discontinued

question 217

True/False

If a product line is being evaluated to be discontinued, then the potential freed capacity is only relevant to the decision if it can be used for another purpose.

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Definitions:

Type II Error

The mistake of failing to reject a null hypothesis when it is actually false, leading to a false negative conclusion.

Statistical Tests

Procedures used in statistics to determine whether hypotheses about the distribution of data can be rejected, based on sample data.

Sample Size

The number of observations or subjects included in a study.

Effect Size

A quantitative measure of the magnitude of a phenomenon, used to indicate the size of an effect or difference found in a study.