The Central Limit Theorem states that when the sample size increases, the distribution of the sample means will approach the normal distribution
Indicate whether the statement is true or false
TRUE
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The primary benefit of using a scarcity appeal is that it:
A) increases brand awareness B) encourages consumer action C) is an excellent method of conveying product information D) is an excellent method of gaining attention
U.S. disclosure rules require that a LIFO firm must disclose ending inventory either at its current cost or on a FIFO cost-flow basis
Indicate whether the statement is true or false
Which of the following statements is correct concerning the reporting of quantitative data?
a. People are not usually interested in proportions or ratios, because they are confusing. b. When tabulating research results of opinions and preferences, reporting exact statistics to the most accurate decimal point is necessary to avoid distortion in interpretation. c. Common language reduces difficult figures to the "common denominators" of language and ideas. d. Because of their absolute and understood value; dollars are a good measure of comparison from one year to another.
For e-marketplaces, large companies tend to favor ________ that link them with their network of qualified suppliers and customers.
A. independent trading communities B. centralized markets C. decentralized markets D. segregated markets E. private exchanges