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:

Degrees of Freedom

The number of independent values or quantities that can be assigned to a statistical distribution, minus the number of parameters estimated.

Chi-Square Distribution

A statistical distribution that represents the distribution of the sum of the squares of k independent standard normal random variables, often used in hypothesis testing.

Single Population Variance

A measure of the variance of a set of values in a single group or population.

Independence

A condition where the occurrence or outcome of one event does not affect the occurrence or outcome of another event.