When Using Sample Means as Estimators,we Usually Estimate the Population

question 52

Multiple Choice

When using sample means as estimators,we usually estimate the population standard deviation with

• A)the sample standard deviation.
• B)the sampling distribution standard deviation.
• C)the population parameter.
• D)the Z score.

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Definitions:

Part Requirement

Specification or quantity of a component necessary for completing a manufacturing process or assembling a final product.

Parent Component

In manufacturing or software development, a main component that includes or is linked to subordinate components within a product or system.

Safety Stock

Inventory kept on hand as a buffer against variability in demand or supply, ensuring that out-of-stock situations are minimized.

MRP Logic

Refers to the set of principles and algorithms used in Material Requirements Planning systems to schedule and plan production and inventory in manufacturing.