The Sharing of Data in Real Time to Manage the Flow

question 22

Multiple Choice

The sharing of data in real time to manage the flow of goods and services between suppliers and customers is referred to as _______.

• A) information visibility
• B) information transparency
• C) information discrepancy
• D) information shaping

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Definitions:

One-way ANOVA

A statistical method used to compare the means of three or more independent groups on a single variable to see if they are significantly different.

Test Statistic

A number calculated from sample data used to make inferences about a population parameter in hypothesis testing.

Mean Square

The mean square is the average of the squares of a set of numbers, often used in variance and regression analysis.

Degrees of Freedom

The number of values in a statistical calculation that are free to vary without violating any constraints.