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Refer to the scenario given to answer the following questions.
It's Academic (Scenario)
Rachel is the academic dean for a regional community college. The president has asked her to develop a plan for the college. He wants a plan covering the next five years, and he wants it to be as specific as possible, but not to the extent that it constrains flexibility. In developing the plan, Rachel must address several emerging issues, including advancements in teaching technology, shifting demand for various academic programs, declining student enrolment, and increasing competition from other schools. Despite projections that student enrolment will continue to decline over the next five years, Rachel must ensure that the plan allows the college to meet its employment obligations to tenured faculty who have been offered long-term teaching positions.
-The president's instructions to Rachel illustrate the tradeoff between the __________ of specific plans versus the __________ of directional plans.
Directional
Pertaining to a hypothesis or test that specifies the expected direction of the relationship between variables.
Variability
The extent to which data points in a dataset differ from each other.
Sampling Distribution
The probability distribution of a given statistic based on a random sample.
Mean
The mathematical average of a set of numbers, calculated by adding them up and dividing by the count of those numbers.
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