Choosing the Right Distribution Channel for a Service

question 32

Multiple Choice

Choosing the right distribution channel for a service:

• A)decreases the time that the service is available.
• B)maximizes the time customers wait in a line.
• C)increases the costs of providing the service.
• D)adds to customer convenience.

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Definitions:

P-value

The chance of witnessing outcomes from a test that are as extreme or more extreme than what was actually seen, given the presupposition that the null hypothesis holds.

Confidence Interval

A set of numbers resulting from the statistical examination of a sample, expected to encompass the value of an undetermined parameter of the overall population.

Critical Values

Specific points on the scale of a test statistic that delineate the boundary between rejecting and not rejecting the null hypothesis.

Independent Large Samples

This refers to samples that are drawn from populations in such a way that the selection of a unit in one sample does not influence the selection of units in other samples, and each sample contains a sufficiently large number of observations.