A Scanner Data User Survey of 50 Companies Found That

question 22

Multiple Choice

A Scanner Data User Survey of 50 companies found that the average amount spent on scanner data per category of consumer goods was $387,325 (Mercer Management Consulting, Inc., April 24, 1997) .The $387,325 is an example of _____.

• A) categorical data
• B) quantitative data
• C) a descriptive statistic
• D) Both quantitative data and a descriptive statistic are correct.

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Definitions:

Novice

An individual who is new to a field or activity, possessing little to no experience.

Extended Period

A lengthy timeframe, often longer than initially anticipated or beyond the norm.

On-the-job Training

Instruction and training provided to employees at their workplace, emphasizing practical skills and knowledge for their specific job roles.

Analytic Intelligence

One’s ability to analyze, evaluate, judge, compare, and contrast information.