Ajax Is One of the Customers of a Well-Known Linen

question 41

Multiple Choice

Ajax is one of the customers of a well-known linen manufacturing company.Ajax has not ordered linen in some time, but when it did order in the past it ordered frequently, and its orders were of the highest monetary value.Under the given circumstances, Ajax's RFM score is most likely ________.

• A)155
• B)511
• C)555
• D)151

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Definitions:

Levels Of Significance

A threshold in hypothesis testing that determines the probability at which the null hypothesis is rejected, often denoted by alpha.

P-value

The probability of obtaining test results at least as extreme as the observed results, assuming that the null hypothesis is true.

Test Statistic

A calculated value from sample data that is used in a hypothesis test to determine whether to reject the null hypothesis, based on the likelihood of observing the sample data under the null hypothesis.

Yearly Rate

The amount, level, or number of something calculated or represented over a period of one year.