A Retail Chain Hires a Company to Design and Install

question 247

Multiple Choice

A retail chain hires a company to design and install a computer network that would allow each store in the chain to check the inventory of others in the chain for customer-requested items. The retail chain purchased which kind of business products?

• A) accessory equipment
• B) industrial services
• C) supply materials
• D) component parts
• E) installations

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Definitions:

Statistics

The science of collecting, analyzing, interpreting, and presenting data.

Sample

A subset of individuals or items selected from a larger population for the purpose of statistical analysis.

Population

The entire group of individuals or instances about whom the data is collected for a statistical study.

Statistics

The science of collecting, analyzing, interpreting, and presenting data in order to make informed decisions based on numerical information.