Reliability Definition and Explanation PDF Download
Learn Reliability definition in marketing with explanation to study “What is Reliability”. Study reliability explanation with marketing terms to review marketing course for online MBA programs.
A measure of the probability that a product will not malfunction or fail within a specified time period.
Principles of Marketing by Philip T. Kotler, Gary Armstrong
Unwavering quality in insights and psychometrics is the general consistency of a measure. A measure is said to have a high dependability in the event that it produces comparative outcomes under steady conditions. "It is the normal for a lot of test scores that identifies with the measure of irregular blunder from the estimation procedure that may be installed in the scores. Scores that are profoundly dependable are exact, reproducible, and steady starting with one testing event then onto the next. That is, if the testing procedure were rehashed with a gathering of test takers, basically similar outcomes would be gotten. Different sorts of dependability coefficients, with qualities extending between 0.00 (much blunder) and 1.00 (no mistake), are typically used to show the measure of blunder in the scores." For instance, estimations of individuals' stature and weight are regularly very solid.
Keep Learning Marketing Explanations
What is Value-Delivery System?
Regardless of whether you are working in a business association or a processing plant or a R&D lab, you are ...
What is Market-Centered Organization?
The standards of association apply whether you are planning the whole association or an office inside it. The three most ...
What is Experience Curve (learning curve)?
Experience and expectation to absorb information models are created from the essential reason that people and associations secure learning by ...
What is Percentage-of-Sales Method?
The level of technique to determining budgetary strategy that organizations use to anticipate their business development on a yearly premise. ...
What is Third-party Logistics (3PL) Provider?
Outsider coordination's suppliers normally have some expertise in incorporated activities of warehousing and transportation benefits that can be scaled and ...
What is Sponsorship?
Supporting something (or somebody) is the demonstration of supporting an occasion, movement, individual, or association monetarily or through the arrangement ...