A company has developed a new computer microprocessor whose average lifetime is unknown. In order to estimate this average, 300 microprocessors are randomly selected from a large production line and tested; their average lifetime is found to be 7 years. The 300 microprocessors represent a:
a. parameter. c. sample.
b. statistic. d. population.
C
Business
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The method of describing land that uses degrees, feet, and monuments is known as the
A) angular system. B) metes-and-bounds system. C) rectangular-survey system. D) lot-and-block system.
Business
When a company calculates ________, the company looks at how much profit it expects to make from a particular customer, including each purchase he will make from the company now and in the future
A) customer lifetime value B) customer relationship management C) utility D) the exchange function E) the marketing mix
Business