Elimination of Intermediaries, Such as Distribution Centers, in the Delivery

question 139

Multiple Choice

Elimination of intermediaries, such as distribution centers, in the delivery of products from a producer to a consumer is referred to as disintermediation.

• A)logistics.
• B)a distribution center.
• C)distribution management.
• D)a value chain.
• E)a supply chain.

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Definitions:

Sample Variance

The measure of variability in a sample dataset, calculated as the sum of squared deviations from the mean, divided by the number of observations minus one.

Population Variance

A measure of how data points in a given population are dispersed from the average value.

Unbiased Estimator

A statistical estimator whose expected value is equal to the true parameter of the population being studied.

Unbiased Estimator

A statistical estimator that, through repeated sampling, provides results equal to the true parameter of the population.