Exhibit 7-10: Choose the Appropriate Statistic for the Following Situations

question 13

Multiple Choice

Exhibit 7-10: Choose the appropriate statistic for the following situations.
-Refer to Exhibit 7-10.Is the proportion of people who like Cola A different from the proportion of people who like Cola B?

• A) Chi Square
• B) Multifactor Analysis of Variance
• C) t-test for dependent means
• D) t-test for independent means
• E) None of these are true.

---

Definitions:

Safety Stock

Inventory kept in reserve to protect against shortages due to fluctuations in demand or supply.

Fixed-Quantity Models

Inventory control models that trigger orders of a predetermined quantity whenever the inventory level reaches a specific reorder point.

Stockout

A situation in inventory management when a requested product is not available in stock.

Review Period

A predefined interval of time during which performance, progress, or quality is evaluated or assessed.