The four dimensions of statistical thinking, according to Wild & Pfannkuch are an investigative cycle, styles of thinking, an interrogative cycle, and dispositions. The four dimensions are simultaneously active within the thinker and incorporate both general and specific statistical thinking tendencies. Describe the four statistical reasoning/thinking dimensions that are used in statistical investigation.
* Give and describe a concrete example of how the four-step method was applied in a managerial decision-making process. Please apply the four dimensions of statistical reasoning from Wild and Pfankuch .
* Why is having a representative sample rather than a random sample not more crucial for drawing accurate conclusions about a diverse population?
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Answer:
There are different factors that play into the costs.
Explanation:
For example, if you are a male, you tend to be more reckless. It also depends on the job you would be working at.
Answer:
$37.79
Explanation:
The computation of the stock price is shown below:
Data given in the question
Next year dividend = $3.25
Growth rate = 3.5%
Required rate of return = 12.1%
So, the stock price is
= Next year dividend ÷ (Required rate of return - growth rate)
= $3.25 ÷ (12.1% - 3.5%)
= $3.25 ÷ 8.6%
= $37.79
We simply apply the above formula to find out the stock price
Option A, The modification would make products more consistent with the expectations of the consumer.
<u>Explanation:
</u>
The process to change the current products according to customer requirements is product modification.
Each material has external characteristics such as volume, form, texture, color, etc. and internal effects such as strength, toughness and other characteristics.
The transition in the existing product is referred to as product modification as per customer requirements. It may change the interior or external appearance of the property.
For Example, Mobile is a perfect example of recognizing product changes. Compare the app which started a year ago with the new mobile devices.
Answer: The answer is FILL IN
A planning gap is the difference between the projection of the path to reach a new sales revenue goal and the projection of the path of a plan already in place. The ultimate purpose of the firm's marketing program is to <u>"FILL IN"</u> this planning gap.
