Examlex
Are strategic or operational plans needed? Does long-term planning make sense in current business environment? These decisions are affected by three contingency variables. explain the three planning contingency factors and illustrate how these factors influence planning.
Expected Frequency
The predicted count of occurrences for a particular category or event in a statistical distribution, based on a theoretical probability.
Sample Size
The number of observations or data points that are selected from a larger population for purposes of statistical analysis; essential to the reliability of study results.
Goodness-of-Fit Test
A statistical test used to determine how well observed data fit a specific distribution.
Contingency Table
A table often used in statistics to display the frequency distribution of variables to analyze the relationship between categorical variables.
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