?A mean computed in such a way that each data value is given a weight reflecting its importance is referred to as a
A. ?geometric mean.
B. ?trimmed mean.
C. ?weighted mean.
D. ?balanced mean.
Answer: C
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Because low response rates increase the probability of response bias, an attempt should always be made to improve the response rate
Indicate whether the statement is true or false
Conrad Company reports the following: Total Assets $800 Contributed Capital $300 Total Revenues $600 Beginning Retained Earnings $200 Total Expenses $700 Dividends $100 What are Total liabilities?
a. $600 b. $500 c. $400 d. $300 e. $200
Keenan sells items to tourist gift shops in Florida. One prospect he called on said, "I think the key chains last year were prettier. I think I'll pass on ordering anything from you this year." Since key chains only make up a small portion of the inventory Keenan sells, he responded with questions such as, "What would it take to change your mind?" and "What caused you to decide not to place an order with me?" What kind of an objection was Keenan dealing with?
What will be an ideal response?
If a job shop is heavily congested, then the input rate for a job shop should be?
a. Equal to the daily output rate b. Less than the daily output rate c. More than the daily output rate d. WIP and input rate are unrelated