A Company Is Researching the Effectiveness of a New Website

question 41

Multiple Choice

A company is researching the effectiveness of a new website design to decrease the time to access a website. Five website users were randomly selected, and their times (in seconds) to access the website with the old and new designs were recorded. To compare the times, they computed (new website design time - old website design time) . The results follow: For a 0.01 significance level, what is the critical value?

• A) 2.256
• B) 1.895
• C) 3.747
• D) 2.447

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Definitions:

Competitive Strategies

Approaches that businesses adopt to gain an advantage over their competitors, including cost leadership, differentiation, and focus strategies.

Emergent Strategies

Refers to unplanned strategies that evolve naturally due to changes in the internal and external environments of an organization.

Social Conduct

The behaviors and actions that are considered acceptable or expected by society or within a specific community.

Strategic Planning Process

A comprehensive process that organizations use to define their strategy, direction, and make decisions on allocating their resources, including capital and people, to pursue this strategy.