Pull Dates Are

question 39

Multiple Choice

Pull dates are

• A) the last day a store will sell an item.
• B) the last day the product will be of optimum quality.
• C) the last day a food should be consumed.
• D) often used by stores, which need to know when to rotate stock.

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Definitions:

Bootstrap Standard Error

An estimation technique for assessing the variability of a statistic by resampling with replacement from an original dataset.

Resamples

The practice of drawing repeated samples from a given dataset, often with replacement, to estimate the precision of sample statistics.

Permutation Test

A non-parametric statistical test that assesses the significance of a difference between groups by computing all possible outcomes under rearrangements of labels.

P-value

The probability of obtaining test results at least as extreme as the results observed, under the assumption that the null hypothesis is true.