A technique for fitting a straight line to a scattergram by minimizing the square of the vertical distances of all the points from the line is known as the ________
A) least-square procedure
B) scatter diagram plot
C) sum of square errors procedure
D) maximum residual procedure
A
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Assume in analyzing alternative proposals that Proposal F has a useful life of six years and Proposal J has a useful life of nine years. What is one widely used method that makes the proposals comparable?
A) Ignore the fact that Proposal F has a useful life of six years and treat it as if it has a useful life of nine years. B) Adjust the life of Proposal J to a time period that is equal to that of Proposal F by estimating a residual value at the end of year six. C) Ignore the useful lives of six and nine years and find an average (7 1/2 years). D) Ignore the useful lives of six and nine years and compute the average rate of return.
According to Porter (1990) the most important competitive force in the global economy is ___________?
a. The capacity for market share b. The capacity for financial growth c. The capacity for innovation d. The capacity to globalize
In waiting line problems, the arrival rate is typically described by a discrete probability distribution known as ______ distribution.
A. Poisson B. binomial C. normal D. positive exponential
A national grocery chain is divided into well-demarcated groups such as the Northeastern division, the Northwestern division, the Southeastern division, and the Southwestern division. These divisions have been set up based on the location of large groups of customers the company serves. In the context of departmentalization, this company is most likely using a(n)
A. geographic structure. B. product structure. C. customer structure. D. organic structure.