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Standard deviation: average measure from data and mean (square root of variance).How far the data is on average from the mean.
Solve: Find the variance and take the square root of it.
Coefficient of Variation: standard deviation of two sets of data. Shown as as a percentage and measures the variation side by side with the mean
Solve:: CV = standard deviation/ mean * 100
Counting numbers is discrete
Center and Variability:
Descriptive Measures: a single number thats comes from the sample data
Central
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Any marketing actions a firm takes today can change consumer’s brand awareness or brand image and have an indirect effect on the success of future marketing activities. For example; the frequent use of temporary price decreases as sales promotions may create or strengthen a “discount” association to the bran, with potentially adverse implications on customer loyalty and responses to future price changes or non-price-oriente marketing communication efforts. Marketers must actively manage brand
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Unit I REALMS OF CREATIVITY
Objective of creativity
- To enhance creative potential by strengthening various mental abilities and shape an ordinary learner to become an extraordinary learner.
- To expose the learners to creative problem solving exercises by developing integrative intelligence to become managers with creative skills.
- To help the learners to become thoughtful managers by understanding workplace creativity and ways of harnessing (tie together) it for organizational excellence
- To expand the
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Define Patent. A patent for an invention is the grant of a property rights to the inventor, issued by the U.S Patent and Trademark Office. Generally, the term of a new patent is 20 years from the date on which the application for the patent was filed in the U.S or, in special cases, from the date an earlier related application was filed, subject to the payment of maintenance fees. The right conferred by the patent grant is“the right to exclude others from making, using, ofering for sale, or selling
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Emily Dickinson: “Because I Could not Stop for Death”
Emily Dickinson was a reclusive American poet. She was unrecognized in her own time, Dickinson is known posthumously for her innovative use of form and syntax. Born on December 10, 1830, in Massachusetts, Emily Dickinson left school as a teenager, eventually living a reclusive life on the family homestead. There, she secretly created bundles of poetry and wrote hundreds of letters. Due to a discovery by sister Lavinia, Dickinson’s remarkable work
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1. What is a deadweight Loss?
Deadweight loss occurs when supply and demand are not in equilibrium. When consumers do not feel the price of a good or service is justified when compared to the perceived utility, they are less likely to purchase the item. With the reduced level of trade, the allocation of resources may become inefficient, which can lead to a reduction in overall welfare within a society. Examples: Minimum wage and living wage laws can create a deadweight loss by causing employers to
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