A Frequency Distribution Is a Tabulation of the Number of Times

question 5

True/False

A frequency distribution is a tabulation of the number of times that each different value appears in a particular set of values.

---

Definitions:

Price Breaks

Discounts or lower pricing offered by suppliers to buyers as incentives for purchasing larger quantities.

Safety Stock

A quantity of inventory maintained to guard against shortages or delays in supply or demand, acting as a buffer.

Stockouts

Situations where demand cannot be fulfilled because the inventory of a product is exhausted, often resulting in lost sales or customer dissatisfaction.

Inventory Carrying Costs

The total costs associated with holding inventory, including storage, handling, depreciation, and opportunity costs.