What Is a Statistical Process That Finds the Way to Make

question 145

Multiple Choice

What is a statistical process that finds the way to make a design, system, or decision as effective as possible; for example, finding the values of controllable variables that determine maximal productivity or minimal waste?

• A)prediction
• B)optimization
• C)forecasting
• D)regression

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Definitions:

Average Collection Period

The average number of days it takes for a company to collect payment from its credit sales.

Common Stock

A type of corporate equity ownership, representing a portion of the stake in a company.

Market Price

The current price at which an asset or service can be bought or sold in a particular market.

Accounts Receivable Turnover

A financial ratio indicating how many times a company's receivables are turned into cash within a specific period.