If There Are 10 Manufacturers and 200 Retailers,and Each Manufacturer

question 28

Multiple Choice

If there are 10 manufacturers and 200 retailers,and each manufacturer has 12 interactions per year with each retailer at a cost of $100 per transaction,the total transaction cost of doing business through this channel method is ________.

• A)$2,000
• B)$24,000
• C)$200,000
• D)$1,200,000
• E)$2,400,000

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Definitions:

Variability

Indicates the extent to which data points in a data set differ from the mean or each other.

Variance

A statistical measurement of the spread between numbers in a data set, representing how much the numbers differ from the average of the numbers.

Measures of Central Tendency

Statistical indices that describe the center point or typical value of a dataset, including the mean, median, and mode.

Measures of Variability

Statistics that describe the dispersion or spread of data points within a dataset, including range, variance, and standard deviation.