The primary objective of cluster analysis is to classify objects into relatively homogeneous groups

Indicate whether the statement is true or false


TRUE

Business

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The Central Limit Theorem states that if a number of probability distributions are summed, the variance of the sum equals the sum of the variances of individual distributions

Indicate whether the statement is true or false

Business

A marketing channel is not the same thing as a distribution channel.

Answer the following statement true (T) or false (F)

Business

What is the relationship between the underwriter and the actuary? How do they interact?

What will be an ideal response?

Business

During the year just ended, the retailer James Corporation purchased $425,000 of inventory. The inventory balance at the beginning of the year was $175,000. If the cost of goods sold for the year was $450,000, then the inventory turnover for the year was:

A. 2.57 B. 2.62 C. 3.00 D. 2.77

Business