ENTREPRENEURIAL MARKETING
MARKETING MIX
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which P is the most important?
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Product
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Promotion
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Price
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Place
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None
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Explanation:
Detailed explanation-1: -A p-value measures the probability of obtaining the observed results, assuming that the null hypothesis is true. The lower the p-value, the greater the statistical significance of the observed difference. P-value can serve as an alternative to-or in addition to-preselected confidence levels for hypothesis testing.
Detailed explanation-2: -The p-value can be perceived as an oracle that judges our results. If the p-value is 0.05 or lower, the result is trumpeted as significant, but if it is higher than 0.05, the result is non-significant and tends to be passed over in silence.
There is 1 question to complete.