What is a histogram?
What will be an ideal response?
ANS:
A histogram is a visual representation of the frequency distribution where the frequencies are represented by bars.
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Moonbeam Gift Shop's inventory turned over six times during the year. Similar gift shops have an inventory turnover equal to twelve times per year. What explains Moonbeam's state of inventory management?
a. Moonbeam sold too much inventory during the year. b. Moonbeam needs to increase sales and decrease the amount of inventory on hand. c. Moonbeam is performing twice as well as its competitors. d. Moonbeam should increase the amount of goods on hand to accommodate the additional inventory demand.
What is another term used for discovery sampling?
a. investigative sampling b. probability sampling c. statistical random sampling d. stop-and-go
Regulatory agencies are considered information users with an indirect financial interest
Indicate whether the statement is true or false
Which theory is defined as the analysis of workflow through systematic observation of the tasks to be performed?
a. Scientific management b. Autonomy management c. Job design management d. Systematic management