Which of the Following Is an Example of a Business

question 88

Multiple Choice

Which of the following is an example of a business using information systems to create new products and services?

• A)Apple's creation of the iPod
• B)JC Penney's information system that allows its contract manufacturers to see what garments have been sold and need to be replaced
• C)Toyota's legendary TPS that has created superlative efficiencies and enabled Toyota to become the world's largest auto maker
• D)Verizon's Web-based digital dashboard providing real-time company information for managers

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Definitions:

P-value

The probability of obtaining a test statistic at least as extreme as the one that was actually observed, assuming that the null hypothesis is true.

Test Statistic

A value calculated from sample data during a hypothesis test that is compared to a threshold value to decide whether to reject the null hypothesis.

Wilcoxon Signed Rank Sum Test

A statistical test that doesn't rely on parameters to compare two matched groups, aiming to determine if there is a difference in their population mean ranks.

Normal Approximation

A technique in statistics where a binomial distribution is approximated using a normal distribution, applicable under certain conditions, such as a large sample size.