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A Good SWO

question 51

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A good S.W.O.T. analysis helps a manager focus on a strategy that takes advantages of the firm's opportunities and strengths while avoiding its weaknesses and threats to its success.


Definitions:

Level of Significance

The probability of rejecting the null hypothesis when it is actually true, typically denoted as alpha (α).

Contingency Table

A tabular method for displaying the frequencies of different outcomes in a sample, allowing for analysis of the association between categorical variables.

Null Hypothesis

A statistical hypothesis that assumes no significant difference or effect exists between certain characteristics of a population or dataset.

Contingency Table

A tabular arrangement of data that displays the frequency distribution of variables to study the relationship between them.

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