Demand for Microwave Ovens -Consider the Demand for Microwave Ovens Dataset

question 67

Multiple Choice

Demand for Microwave Ovens $$\begin{array} { | l | l | l | l | l | } \hline \begin{array} { l } \text { Demand } \\\text { for } \\\text { Microwave } \\\text { Orens }\end{array} & \begin{array} { l } \text { Frequency } \\\text { of } \\\text { Dccumrence } \\\text { in Days }\end{array} & \text { Probability } & \begin{array} { l } \text { Cumulative } \\\text { Frobability }\end{array} & \begin{array} { l } \text { Random } \\\text { Number } \\\text { Inferval }\end{array} \\\hline 0 & 20 & 10.00 \% & 10.00 \% & 0 \text { to } 9 \\\hline 1 & 40 & 20.00 \% & 30.00 \% & 10 \text { to } 29 \\\hline 2 & 70 & 35.00 \% & 65.00 \% & 30 \text { to } 64 \\\hline 3 & 50 & 25.00 \% & 90.00 \% & 65 \text { to } 89 \\\hline 4 & 10 & 5.00 \% & 95.00 \% & 90 \text { to } 94 \\\hline 5 & 10 & 5.00 \% & 100.00 \% & 95 \text { to } 99 \\\hline\end{array}$$
-Consider the Demand for Microwave Ovens dataset.What is the total demand corresponding to random numbers 71,74,75,95,51,and 57?

• A)20
• B)21
• C)16
• D)18

Understand the significance of core capabilities and how they distinguish an organization from its competitors.

Recognize the relevance of economic and demographic factors in environmental scanning and labor market analysis.

Comprehend the principles of value creation within an organization and the differentiation between products and services.

Understand the dynamics of workforce planning and the role of staffing tables, attrition, and layoffs in organizational management.

---

Definitions:

Stratified Random Sampling

A statistical sampling method that divides the population into smaller groups, or strata, and randomly samples from each group to ensure representation across key variables.

Sampling Bias

A systematic error that occurs when a sample is not representative of the population from which it is drawn, leading to skewed and unreliable results.

Sampling Error

The error caused by observing a sample instead of the whole population, leading to a difference between the sample statistic and the population parameter.

Population Parameters

Quantitative characteristics of a population, such as mean or standard deviation, derived from measurements of the individuals within the population.