A Form Used in Business to Place an Order for the Buying

question 57

Multiple Choice

A form used in business to place an order for the buying of goods from a seller is

• A) purchase requisition.
• B) purchase order.
• C) purchase discount.
• D) purchases returns.

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Definitions:

Point Estimate

A single value or statistic that serves as the best guess or most likely value for a population parameter based on sample data.

Population Means

The average or mean value of a particular characteristic of all individuals in a population.

Population Means

The average values of a trait or measurement within a given population.

Standard Error

The standard deviation of the sampling distribution of a statistic, commonly used to measure how accurately a sample represents a population.