Given the Following Data Set, What Is the Ranking of the Data

question 60

Multiple Choice

Given the following data set, what is the ranking of the data value 23? Presume that lower data values rank ahead of higher data values.
26, 26, 16, 22, 33, 28, 11, 23

• A) 4
• B) 6
• C) 5
• D) 3

---

Definitions:

Formal Planning Model

A structured approach to planning that involves systematic procedures and methodologies to achieve specified objectives.

Pure Level Strategy

A production strategy where the output rates are kept constant and inventory is used to absorb fluctuations in demand.

Aggregate Planning

The process of creating a production plan to meet demand over a medium-term horizon by adjusting production rates, workforce levels, and inventory levels.

Average Demand

Refers to the average quantity of a product or service that consumers purchase over a specific time period.