Why do we use inferential statistics?
What will be an ideal response?
ANS:
We use inferential statistics to infer something about the population based on the sample’s characteristics.
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A company has established 5 pounds of Material J at $2 per pound as the standard for the material in its Product Z. The company has just produced 1,000 units of this product, using 5,200 pounds of Material J that cost $9,880. The direct materials quantity variance is:
A. $400 unfavorable. B. $400 favorable. C. $120 favorable. D. $520 favorable. E. $520 unfavorable.
As an applicant, if you look and dress like the people who already work at the company, the interviewer will be able to visualize you working there
Indicate whether the statement is true or false
Which of the following is true of distribution structure?
A. Consumer products pass through a system that includes several producers and one wholesaler. B. The use of direct channels has increased in the past decade with the introduction of various Internet buying and selling schemes. C. Channels of distribution for business marketing are typically longer. D. A manufacturer market is most common for indirect users in direct channel.
ADR proceedings are always strictly regulated by federal statutes
a. True b. False Indicate whether the statement is true or false