Janet Jones Wants to Know How Many of Her Classmates

question 67

Multiple Choice

Janet Jones wants to know how many of her classmates completed professional degrees after graduating in 2008.Janet obtains contact information for the graduating class of 2008 from the registrar.The list has 4000 names.After a random start,Janet contacts every eightieth graduate.What is her sampling ratio?

• A)0.5 percent
• B)1.25 percent
• C)2.0 percent
• D)4.0 percent
• E)50 percent

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Definitions:

Transportation Costs

Expenses associated with the movement of products or materials from one location to another.

Inventory Management

The process of ordering, storing, using, and selling a company's inventory, including raw materials, components, and finished products.

Marketing Channel

A set of practices or activities necessary to transfer the ownership of goods, and to move goods, from the point of production to the point of consumption and, as such, which consists of all the institutions and all the marketing activities in the marketing process.

Distribution Center

A warehouse or specialized facility where products are stored and organized for the purpose of redistributing goods to retailers, wholesalers, or directly to consumers.