Which of the Following Is NOT a Function of a Point-Of-Sale

question 98

Multiple Choice

Which of the following is NOT a function of a point-of-sale (POS) system?

• A) collecting sales data
• B) connecting directly into a store's inventory-control system
• C) transmitting coupons to customers in the store
• D) collecting data on returns and transfers to other stores
• E) automatically sending re-orders when supplies decline to a certain level

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Definitions:

Point Estimate

A single value or statistic that is used to estimate the value of a population parameter.

Population Proportions

The fraction or percentage of a population that exhibits a specific characteristic or attribute.

Standard Error

The standard deviation of the sampling distribution of a statistic, providing a measure of the precision of the estimated population parameter.

Interval Estimate

An estimate of a population parameter that specifies a range of possible values within which the parameter is expected to lie, often expressed with a level of confidence.