Marketing Sales Analysis

question 138

Multiple Choice

Marketing sales analysis:

• A) keeps track of whether a firm's sales are increasing or decreasing.
• B) requires a detailed breakdown of a company's sales records.
• C) is very hard to do-because computers must be involved.
• D) looks for exceptions or variations from planned performance.
• E) tries to avoid the 80/20 rule.

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Definitions:

Distribution

The way in which something is shared out among a group or spread over an area.

Sample Size

The number of observations or replicates included in a statistical sample.

T Distribution

A probability distribution that is used in hypothesis testing for small sample sizes, when the population standard deviation is unknown.

Normal Distribution

A probability distribution that is symmetric around the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.