Explaining purpose of data analysis


1. Basic purpose of data analysis is to extract meaning and knowledge from collected data.

a. True
b. False

2. MDS Incorporated has sent out questionnaires to respondents to rank five brands of toothpaste on their ability to clean and whiten, to prevent decay, and to freshen mouth. MDS Incorporated is utilizing attribute-based approach.

a. True
b. False

3. Research process comprises of connected stages or steps which guide project from its conception to final analysis, recommendations, and ultimate action.

a.True
b. False

4. Finding sample size in stratified sampling plan involves identifying homogeneous subgroups.

a.True
b. False

5. P-value can be defined as largest significance level at which we would accept null hypothesis.

a.True
b. False

6. ANOVA test is conventional method to present a hypothesis test regarding difference between several means.

a.True
b. False

7. Greater p-value, the higher is researcher's confidence in research findings.

a.True
b. False

Request for Solution File

Ask an Expert for Answer!!
Business Management: Explaining purpose of data analysis
Reference No:- TGS016224

Expected delivery within 24 Hours