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Alice Zhong Is the VP of Operations at Pearl Financial

question 25

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Alice Zhong is the VP of Operations at Pearl Financial Services.She wants to measure customer satisfaction after a new website and other changes were introduced a few months ago.28% of clients are from the healthcare industry, 35% are manufacturing companies, 27% are financial firms, and 7% are construction companies.For this purpose, she gets random five-digits numbers from the website random.org (which offers true random numbers on the Internet) .Then she uses these numbers to select 140 random clients from the healthcare sector, 175 from the manufacturing sector, 135 from the manufacturing sector, and 35 from the construction sector.This is an example of ______.


Definitions:

Finished Product

The final output of the production process, ready for sale or distribution to customers.

Dollar Value

The monetary worth or price of a good, service, or financial instrument, often influenced by factors like demand, supply, and market conditions.

Inventory Value

The total cost or market price of all the goods and materials held by a company at a given time.

Cost of Lost Sales

The potential revenue lost when a business cannot meet customer demand due to inventory shortages or other operational failures.

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