By Visiting the Priceless

question 21

Multiple Choice

By visiting the Priceless.com site,MasterCard users can register for a chance to win an all-expense-paid trip for two to New York to see two Broadway plays.This prize package will be awarded through a(n) _____ since there is no skill involved.

• A)contest
• B)P-O-P promotion
• C)sweepstakes
• D)loyalty incentive plan
• E)event sponsorship

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Definitions:

Sample Ranges

The difference between the highest and lowest values in a sample, used in statistical analysis.

X-bar Control Chart

A statistical tool used in quality control processes to monitor the mean (average) of a quality characteristic over time.

R-chart

A type of control chart used to monitor the range of variability within a process over time.

Central Limit Theorem

A statistical theory stating that the distribution of sample means approximates a normal distribution as the sample size becomes larger, regardless of the population's distribution.