Buy custom CoffeeTime: Using Research in Decision-Making
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| Topic: |
Business
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| Number of pages / Number of words: |
8 / 2080 |
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At first glance, CoffeeTime will need to primarily compile and analyze inferential statistics that have been colleted by the marketing and research firm. Inferential statistics are defined as "the methods used to determine something about a population on the basis of a sample," (Lind, 2004). Therefore, if the data collected is to be an accurate representation of the population, the sample must be a mirrored image of the true sample population...
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Therefore, if the data collected is to be an accurate representation of the population, the sample must be a mirrored image of the true sample population. This type of research has proven to be a successful tool for analyzing data as many large television stations use Nielsen to sample the likes and dislikes of their viewing population...
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