How Does a Sales Forecast Differ from a Sales Budget

question 57

Multiple Choice

How does a sales forecast differ from a sales budget?

• A)A sales forecast includes the company, while a sales budget includes the industry.
• B)A sales forecast includes the company and the industry, while a sales budget includes only the industry.
• C)A sales forecast includes the company and the industry, while a sales budget includes only the company.
• D)They are both the same.

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Definitions:

Standard Deviation

A statistic that measures the dispersion or variation of a set of numerical values around their mean (average).

Off-Campus

Refers to activities, housing, or facilities that are not situated on the main campus of an educational institution.

T-Distribution

The T-distribution, or Student's t-distribution, is a probability distribution that estimates the population parameters when the sample size is small and the population standard deviation is unknown.

T Distribution

A statistical curve that shows the standard deviations of samples taken from a population and is used when the population standard deviation is unknown and the sample size is small.