Ping Golf, Inc

question 61

Multiple Choice

Ping Golf, Inc. conducts a study in which they use a probability sample of 600 golfers. They examine the data from the sample and calculate that 28 percent of them own Ping golf clubs. The 28 percent is:

• A) the average
• B) the sample statistic
• C) the grand mean
• D) the population parameter
• E) the grand percentage

---

Definitions:

Push And Pull Systems

Supply chain strategies where "push" involves production based on forecasted demand and "pull" relies on actual demand signals for production.

Inventory Management System

A technology-based approach that tracks inventory levels, orders, sales, and deliveries to ensure that the right product is available at the right time.

Seasonality

The occurrence of fluctuations in demand, production, or other variables based on seasonal trends or patterns, often predictable within a calendar year.

Inventory

The total amount of goods or materials held in stock by a business, crucial for meeting customer demand and ensuring smooth operations.