Why wouldn’t a researcher set the confidence level at .0001, since it’s better than .05 and even better than .01?
What will be an ideal response?
ANS:
A researcher would not set the Type I level at .0001 because it is too small. It suggests that there is a 1 in 10,000 chance (a really small risk) that you will reject the null hypothesis (that there are no differences) when it is actually true.
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In response to charges of ________, marketers point out that because of ads, many television and radio sites are free to users and also keep down the cost of magazines and newspapers
A) deceptive pricing B) creating false wants C) creating materialism D) high promotion costs E) cultural pollution
According to studies mentioned in Chapter 3, linear programming algorithms are considered to be one of the top 10 most important tools of the last century
a. True b. False
The static budget is used to compute flexible budget variances as well as cost and efficiency variances for direct materials and direct labor
Indicate whether the statement is true or false
Andy took what he liked to call "the sheriff without a gun" approach to forecasting. Every period he tried a number of different forecasting approaches and simply averaged the predictions for all of the techniques
This overall average was the official forecast for the period. The more formal name for this technique is: A) grand averaging. B) focus forecasting. C) simple average. D) combination forecasting.