The Turquoise Oasis Spa Places Orders for Cases of Bath

question 32

Multiple Choice

The Turquoise Oasis Spa places orders for cases of bath salts through a nearby wholesaler.To summarize several orders worth of data,it may prove beneficial to determine how many orders of bath salts were for 1 to 10 cases,between 11 and 20 cases,21 to 30 cases,31 to 40 cases,and more than 40 cases.This is an example of ________.

• A)grouping the data into bins
• B)calculating variances
• C)a probability distributions
• D)sample populations

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Definitions:

Abundant

Available in large quantities; more than sufficient; plentiful.

Comparative Advantage

The ability of an individual or group to carry out a particular economic activity (such as making a specific product) more efficiently than another activity.

Absolute Advantage

The ability of an individual, company, or country to produce a good or service at a lower cost per unit than other competitors.

United States

A country in North America, consisting of 50 states, characterized by its significant global economic, political, and cultural influence.