If We Are Going to Predict Future Performance on the Basis

question 51

Multiple Choice

If we are going to predict future performance on the basis of a sample mean and sample standard deviation,it is desirable to have a

• A)small mean.
• B)small standard deviation.
• C)large mean.
• D)large standard deviation.

---

Definitions:

Subjectively Selecting

The process of choosing or making decisions based on personal feelings, tastes, or opinions rather than external evidence or criteria.

Subconsciously Selecting

The process by which individuals make choices or decisions without conscious awareness.

Marketing Audit

A comprehensive, systematic, and periodic evaluation of a company's marketing strategies, objectives, and activities.

Market Analysis

The process of examining the size, growth, and trends within a particular market or industry, including competitor and customer analysis.