Sheets,towels,and Bedding for a Department Store Are Most Accurately Characterized

question 2

Multiple Choice

Sheets,towels,and bedding for a department store are most accurately characterized as _____ merchandise.

• A)seasonal
• B)fashion
• C)staple
• D)fad

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Definitions:

Inferential Statistics

Uses mathematical models, theories, and hypotheses to make predictions about a broader population based on observed sample data.

MANOVA

Multiple analysis of variance. This procedure is used when there are multiple dependent variables. See also ANOVA.

Multivariate Analysis

A statistical approach that examines the relationship between multiple variables in order to understand patterns and influences.

Statistical Significance

The probability that a computed statistic such as a t-test or correlation is not due to chance.