When is a sample a better choice than a census?
a. When the population is changing over time.
b. When taking the U.S. Census of the population.
c. When some sampling error can be tolerated.
d. When time is an important factor.
e. Each of these is a reason for taking a sample rather than a census.
E
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A graphical method of representing the sample points of an experiment is a
A. stacked bar chart. B. dot plot. C. stem-and-leaf display. D. tree diagram.
A skimming price strategy would likely be most effective in selling which of the following?
A) any convenience item B) an electronic device which involved a great deal of research and development to bring to market C) shampoo and bath soap D) anything easily copied by competitors E) most items at EDLP retailers such as Walmart
When Acme Global asked Tamera to relocate to the company’s newest foreign plant, it paid her a salary equal to what she was making in the United States and gave her an allowance for extra expenses. It appears Acme Global is using the ______ approach to expatriate compensation.
A. balance sheet B. split-pay C. negotiation D. localization
Patrick just completed the performance appraisals of three new statisticians. On the company’s 4-point grading scale, the average score for the three statisticians was 3.0. The average of all statisticians in the organization was 3.5. The new recruits’ __________ was 14 percent below average.
A. new hire performance B. time required to hire C. cost per hire D. new hire turnover E. None of the above