Which of the Following Statements Is True

question 48

Multiple Choice

Which of the following statements is true?

• A) Theories are statistics that describe the real world.
• B) Hypotheses are predictions that can be tested with data.
• C) Data are facts established by observation and measurement.
• D) Empirical evidence consists of facts, measurements, or statistics that describe the world.

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Definitions:

Demand Uncertainty

The unpredictability related to the demand for products or services, often causing challenges in supply chain management.

Service Level

A measure of performance that reflects the quality of service provided, often evaluated based on customer satisfaction or the ability to meet delivery times and product availability standards.

Safety Inventory

Additional inventory held to guard against uncertainty in demand or supply, ensuring product availability.

Standard Deviation

A numerical indicator that reflects the degree of spread or variation of data points in a dataset from the average value.