A Technical Firm That Assembles Computers Decides to Buy LCD

question 89

Multiple Choice

A technical firm that assembles computers decides to buy LCD monitors from a supplier that specializes in LCD monitors and batteries.The materials manager at the firm decides to place an order for both monitors and batteries at the same time so that he can save on transportation costs and also get a discount for bulk purchase.The role played by the manager is that of a(n) in a buying centre.

• A)influencer
• B)user
• C)decider
• D)buyer
• E)agent

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Definitions:

Sample Size

The number of observations or data points collected in a statistical study, crucial for ensuring the representativeness and reliability of study findings.

Standard Error

A measure that quantifies the variation or dispersion of sampling distribution of a statistic, often used as an estimate of the reliability of a statistical estimate.

Sample Mean

The average value calculated from a sample of data, intended to estimate the mean of the entire population.

Standard Deviation

Standard Deviation measures the amount of variation or dispersion of a set of values, indicating how much the values in a dataset deviate from the mean.