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Business
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| Number of pages / Number of words: |
20 / 5442 |
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All the marketing executives need to become familiar with probability and statistics, especially as it relates to sampling and inferential statistics.
Opportunities abound once the executives familiarize themselves with best practices of managerial decision-making based upon statistics. An opportunity analysis of variance (ANOVA), allows for comparisons...
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An opportunity analysis of variance (ANOVA), allows for comparisons. “Another use of the F distribution is the analysis of variance (ANOVA) technique in which we compare three or more population means to determine whether they could be equal†(Lind, Marchal, & Wathen, 2004, pg. 392). Taking into consideration proposed charge cards could stimulate both business and consumer based offerings, ANOVA allows the marketing team to evaluate the populations effectively...
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