Table 8.9 Consider the Following Results from the Last Ten Periods of Periods

question 105

Multiple Choice

Table 8.9
Consider the following results from the last ten periods of student enrollment forecast by the Operations Management department chairman.

-Use Table 8.9 to determine the MAD for period 5 for the department chairman's forecast.

• A) 2.0
• B) 2.8
• C) 2.67
• D) 2.42

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Definitions:

Continuous Probability Distribution

Describes the probability distribution of a continuous random variable, indicating the likelihood of the variable taking on a range of continuous values.

Poisson Distribution

A probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space if these events occur with a known constant mean rate and independently of the time since the last event.

Binomial Distribution

A statistical distribution that represents the chances of a value adopting one of two distinct states across a certain amount of observations.

Hypergeometric Distribution

A probability distribution used for sampling without replacement, describing scenarios with two outcomes.