Which of the Following Is a Location Option That Management

question 47

Multiple Choice

Which of the following is a location option that management can consider in location planning?
I. Expand an existing facility.
II. Add a new location.
III. Relocate from one location to another.
IV. Do nothing.

• A) I and II only.
• B) I and III only.
• C) II and IV only.
• D) I, II, and III only.
• E) I, II, III, and IV.

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Definitions:

Continuous Probability Distribution

A function that describes the probability of a continuous random variable falling within a certain range of values.

Variance

A measure of variability that denotes the average of the squared differences from the mean, used in statistics to indicate how data points in a set are spread out.

Normal Distribution

A symmetrical bell-shaped distribution of data in which most of the values cluster around the mean.

Uniform Probability Distribution

A distribution in which all outcomes are equally likely to occur within a certain range.