Inventories in the United States

question 38

Multiple Choice

Inventories in the United States

• A) moved up in 1974 and 1983 due to an unintended buildup of finished goods inventories.
• B) moved down in 1974 because of an anticipated mild recession.
• C) moved up in 1958 because of a correctly foreseen recovery in 1958.
• D) moved down in 2001 by the largest amount since 1960.
• E) a and d.

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Definitions:

Distribution

In statistics, the way in which values of a variable or numbers are spread or distributed across possible values or ranges.

R-chart

A control chart used in statistical quality control for monitoring the range of variation within a sample.

Control Limits

The boundaries set in control charts that indicate the acceptable range of variation in a process.

Sample Size

The number of observations or data points collected from a subset of a larger population for the purpose of statistical analysis.