Examples of Objective measurement in the following topics:
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- The Pearson product-moment correlation coefficient is a measure of the strength of the linear relationship between two variables.
- The symbol for Pearson's correlation is "$\rho$" when it is measured in the population and "r" when it is measured in a sample.
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- How do the various measures of central tendency compare with each other?
- Differences among the measures occur with skewed distributions.
- Measures of central tendency are shown in Table 1.
- The geometric mean is lower than all measures except the mode.
- Table 2 shows the measures of central tendency for these data.
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- An example of such a measurable marketing objective might be "to enter the market with product Y and capture 10 percent of the market by value within one year. " As it is quantified it can, within limits, be unequivocally monitored, and allow corrective action to be taken as necessary.
- As we have all heard before, marketers are challenged more than ever before to produce measurable results.
- Set measurable financial and marketing objectives.
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- Psychologists measure personality through objective tests (such as self-reports) and projective measures.
- Psychologists seek to measure personality through a number of methods.
- Objective tests tend to have more validity than projective tests (described below); however, they are still subject to the willingness and ability of the examinee to be open, honest, and self-reflective enough to accurately represent and report their true personality.
- The MBTI measures individuals across four bi-polar dimensions:
- Two of the most popular projective measures are the Thematic Apperception Measure and the Rorschach test.
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- Often it is necessary to transform data from one measurement scale to another.
- For example, you might want to convert height measured in feet to height measured in inches.
- Table 1 shows the heights of four people measured in both feet and inches.
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- Planning provides a standard of measurement.
- It is a measurement of whether you are going toward or further away from your goal.
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- This section presents numerical indexes of these two measures of shape.
- Therefore, Pearson's measure of skew for this distribution is 3(1,183,417 - 500,000)/1,390,922 = 1.47.
- Just as there are several measures of central tendency, there is more than one measure of skew.
- Although Pearson's measure is a good one, the following measure is more commonly used.
- The following measure of kurtosis is similar to the definition of skew.
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- For instance, the correlation of Weight and Height does not depend on whether Height is measured in inches, feet, or even miles.
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- The verbs are intended to be feasible and measurable.
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- Peter Drucker developed a method termed ‘Management by Objectives' or MBO, in order to address the creation of such job dimensions.
- Drucker suggests that the objectives of any employee can be validated if they pass the following six tests (Management by Objectives—SMART, 2007):