18.3.5 - Step 5: Evaluation and Interpretation
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Practice Questions
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What does KPI stand for?
💡 Hint: Think about what metrics are used to measure success.
What is a common financial KPI?
💡 Hint: This metric evaluates how profitable an investment is.
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Interactive Quizzes
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What does ROI measure?
💡 Hint: Think about financial evaluations.
True or False: Statistical significance testing helps ensure results are reliable.
💡 Hint: Recall the impact of randomness on outcomes.
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Challenge Problems
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Design a KPI system for a startup aiming to enter a competitive market. What KPIs would you suggest?
💡 Hint: Consider what metrics reflect financial health and customer behavior.
Suppose a company sees a significant increase in sales after a campaign, but the testing showed no statistical significance. What should they conclude?
💡 Hint: Think about the implications of acting on unreliable data.
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