Quantitative Analysis using Statistical techniques helps us reaching qualitative business decisions" Provide strong justification in favor or against the statement?
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"Quantitative Analysis using Statistical techniques helps us reaching qualitative business decisions" Provide strong justification in favor or against the statement?
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- CHOOSE THE BEST ANSWER 17- Since the world is constantly changing, and new circumstances or trends can dramatically affect how you do business, it is therefore advisable for marketers to do: Group of answer choices myopic planning long-term planning only contingency planning static marketing plans 14- Which implementation approach does the book say is more advantageous because it moves some decision-making authority closer to the frontline people in the company? Group of answer choices Implementation through Change Implementation by Command Implementation through Consensus Implementation by AuthorityProvide an example of a business decision where business analytics should never be used. Defend your answer and explain what would have to change in this situation to make business analytics appropriate.a. Step 1: Estimate the target population size using secondary sources. Provide a rationalefor how you determined each population size. Cite your sources.b. Step 2: Use the sample size calculator to determine an appropriate sample size for each scenario. Usethe market research standard for your confidence level. Use better than the marketresearch standard for your confidence interval. Adjust if your sample size is notrealistically attainable.c. Report your sample size statement. Your statement should read: "For this study, thetarget population size is estimated to be _____. The sample will be _____.At the ______ confidence level, this study will have a margin of error of +/- ____%."Scenario 1A study calls for your research firm to survey a sample of Disneyland employees.
- Don't use handwritten explan each point. With correct answerWhen solving business problems in an organization, inductive reasoning is more useful than deductive reasoning”. Provide argument forThe following data are from an experiment designed to investigate the perception of corporate ethical values among individuals specializing in marketing (higher scores indicate higher ethical values). Use α= .05to test for significant differences in perception among the three groups. Which groups are significantly different?
- 1- We are either overreacting to information or underreacting to information by being conservative. How does this happen? Explain the gambler’s fallacy of focusing on similarities. We have to be rational and slowly change our beliefs. 2-Discuss the pros and cons of completing a stakeholder analysis. In your discussion, explain why stakeholder analysis is an important step in the action research process and what could happen if this step is eliminated or completed insufficiently.Paraphrase this one. Analyze and elaborate in 100 words. Relying on data garnered from surveys underscores a common challenge—data accuracy. Not all respondents provide entirely truthful or precise information. Inaccuracies might stem not from dishonesty, but rather from personal biases and reservations. Consequently, inaccurate data stands to compromise the integrity of predictive insights, potentially leading businesses astray.
- Explain the purposes underlying data analytics and why this approach has become so important to marketing management . In your discussion you should also bring in the concepts of research and marketing information systems. Marketers also talk about the importance of story telling as they conceive ways to organize and display data. Explain how data analytics can really aid in this process of story telling and how this can enhance a manager’s decision-making effectiveness.When solving business problems in an organization, inductive reasoning is more useful than deductive reasoning arguments against this topicAs a businessperson, it is hard to share your results if your hypothesis testing does not reach a certain significance level. Make an argument why it is both good and bad to have to include this as part of your research results. Besides hypothesis testing, are there alternative ways to validate the research findings in a business environment?