Tom Is a Salesperson for HPM Industries Which Sells Machines

question 67

Multiple Choice

Tom is a salesperson for HPM Industries which sells machines for moulding plastic furniture.HPM has developed a machine that is 50 percent smaller than what is currently on the market and costs 25 percent more.It is Tom's job to show potential customers how the new machine will save them money in the long-run.He must be able to address each customer's needs with technical know-how and an ability to communicate his knowledge.Which of the following best describes Tom's job title?

• A)retail salesperson
• B)detail salesperson
• C)technical representative
• D)service salesperson
• E)account representative

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, represented by the square root of the variance.

Sampling Distribution

A statistical distribution of all possible sample means or proportions, given a sample size, from a population.

Bootstrap Distribution

A statistical technique for estimating a sampling distribution by repeatedly resampling with replacement from an existing sample data.

Bias

A systematic error in a statistical analysis or study that leads to an incorrect conclusion, often resulting from problematic data collection, analysis, or interpretation.