Which of the Following Statements Is Most Accurate

question 27

Multiple Choice

Which of the following statements is most accurate?

• A) about 20% of the items will usually account for about 80% of the total value
• B) 'A' class items should have the tightest possible control
• C) the general rule using the ABC approach is to have plenty of everything in stock
• D) a and b only are true
• E) none of the above is true

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Definitions:

Percentile

A score indicating the percentage of scores in its frequency distribution that are equal to or lower than it.

SAT

A globally recognized college admission test that evaluates a student's readiness for college, focusing on subjects like mathematics and evidence-based reading and writing.

Norm-Referenced Test

A type of test designed to compare and rank test takers in relation to one another.

Measures of Central Tendency

Statistical metrics that describe the center point or typical value of a dataset, including mean, median, and mode.