Kelly Is Getting Ready to Conduct Her Study

question 77

Multiple Choice

Kelly is getting ready to conduct her study.She is aiming to get 100 participants to take her survey.Kelly's goal of 100 participants represents her________ .

• A)population.
• B)sample population.
• C)sample size.
• D)effect size.

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Definitions:

Optimal Lot Size

The most economically advantageous quantity of a product to order or produce, balancing between ordering costs and holding costs.

Economic Order Quantity

A formula used to determine the most cost-effective quantity of inventory to order, balancing the costs of ordering and holding stock.

Optimal Order Quantity

The most efficient amount of stock to order that minimizes total inventory costs, including ordering and holding costs.

Ordering Costs

Expenses associated with making an order for goods, including costs for processing, shipping, and receiving materials.