Which of the Following Statements Is True About a Random

question 2

Multiple Choice

Which of the following statements is true about a random sample?

• A) The mean of the sample will be the best guess of the mean of the population, no matter how large the sample is.
• B) The mean of the sample will be the best guess of the mean of the population but only in very large samples.
• C) The mean of the sample will provide the best guess of the mean of the population, but only if the sample is normally distributed.
• D) The mean of the sample will provide the best guess of the mean of the population, but only if there are outliers in the sample.

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Definitions:

Cycle Inventory

The average amount of inventory used to satisfy demand between orders, part of the total inventory that cycles through the supply chain.

Supplier Shipments

Deliveries of goods or materials from suppliers to manufacturers, retailers, or other entities in the supply chain.

Cross-Docking

A logistics practice where incoming shipments are unloaded, sorted, and directly reloaded onto outbound trucks or conveyances to continue their delivery with minimal storage time.

Warehouse Methodology

Systematic approaches and practices used in managing the operations, storage, and distribution of goods within a warehouse.