If the standard deviation of demand is 100 units and the average demand is 1000 units, then we can
be 95% confident that actual sales will be 1000 units plus or minus about:
A) 400 units. B) 150 units. C) 100 units. D) 300 units. E) 200 units.
E
Business
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In terms of a foundation and framework for ethical guidelines, hedonism:
A) involves maximizing pleasure and minimizing pain B) offers a version of philosophy based on the Golden Rule, which means do unto others what you would have them do unto you C) involves balancing a variety of urges throughout a person's life D) offers guidelines regarding right and wrong as well as what is acceptable and what is not acceptable, within a geographic area
Business
One aspect of demand that makes every forecast inaccurate is:
A) trend variation. B) random variation. C) cyclical variation. D) seasonal variation.
Business