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In Technology-Intensive Businesses It Is a Common Flaw to Focus

question 4

Multiple Choice

In technology-intensive businesses it is a common flaw to focus too much on ______, which often causes them to short-change the ________.


Definitions:

Mean

A mathematical term that represents the sum of values in a dataset divided by the number of values, serving as a measure of central tendency.

Standard Deviation

An index showing the degree of spread or variability among a collection of numbers.

Confidence Interval

A range of values, derived from the statistical analysis of data, that is likely to include the true population parameter with a certain level of confidence.

Sample

A subset of individuals or observations from a population used to estimate parameters or statistics of the whole population.

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