Identify Different Business Uses for Statistics and the Major Statistical

question 44

Multiple Choice

Identify different business uses for statistics and the major statistical tools businesses use
Use the table below to answer the following question(s) .
Sujito Electronix makes headphones for $22 and sells them for $32. Sujito has sold at least 50 headphones on average per week in the past, though the actual demand is unknown. Sujito has also often run short of supply in the past. After three months of release, the headphones are sold at 40 percent discount. The spreadsheet below shows Sujito's sales and demand for the headphones. We take demand at 51, and quantity produced at 55. $\begin{array}{|l|l|}\hline\begin{array}{l}\text { Newsvendor model for } \\\text { Sujito's headphones }\end{array} & \\\hline & \\\hline \text { Data } & \\\hline & \\\hline \text { Selling Price } & \$ 32 \\\hline \text { Cost } & \$ 22 \\\hline \text { Discount Price } & \$ 19.2 \\\hline & \\\hline \text { Model } & \\\hline & \\\hline \text { Demand } & 51 \\\hline \text { Produced Quantity } & 55 \\\hline & \\\hline \text { Quantity Sold } & \\\hline \text { Surphus Quantity } & \\\hline\end{array}$
-Which of the following is the value for quantity sold?

• A) 51
• B) 50
• C) 4
• D) 55

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Definitions:

Exit Interview

A structured conversation with departing employees to gain feedback on their experience within the organization, reasons for leaving, and any improvements or insights that could contribute to organizational development.

Non-rejection

The decision not to reject the null hypothesis in the context of hypothesis testing, often due to insufficient evidence.

Shaded Areas

In the context of graphs and charts, areas marked off with shading to denote specific segments, ranges, or categories of data.

Symmetry

How the frequencies of values of a variable change in relation to the most common or frequently occurring values.