A Cell Phone Service Provider Has 14,000 Customers

question 154

True/False

A cell phone service provider has 14,000 customers. Recently, the sales department selected a random sample of 400 customer accounts and recorded the number of minutes of long distance time used during the previous billing period. The data for this variable is considered to be nominal since the values are based on sample data.

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Definitions:

Laying Off Employees

The process of either temporarily or permanently dismissing staff members from their jobs, typically as a result of economic declines or changes within the organization.

Workforce Reduction

The process of decreasing a company's employee numbers as part of a strategy to cut costs, improve efficiency, or adjust to market demands.

Distributive Justice

The perceived fairness of how resources and rewards are distributed within a society or organization.

Downsized

Having undergone a process where a company reduces its workforce to lower costs and improve efficiency, often resulting in layoffs.