When Wal-Mart Is Attempting to Decide Where to Locate Its

question 62

Multiple Choice

When Wal-Mart is attempting to decide where to locate its regional warehouses in order to minimize travel time from its warehouses to its stores,this is an example of which type of research?

• A)product research
• B)pricing research
• C)distribution research
• D)promotion research

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Definitions:

Uniform Distribution

A type of probability distribution where all outcomes are equally likely; any one of several outcomes has an equal chance of occurring.

Random Variable

A variable that takes on a set of possible values, each with an associated probability, representing outcomes of a statistical experiment.

Probability

A measure quantifying the likelihood that an event will occur, expressed on a scale from 0 to 1.

Uniform Distribution

A type of probability distribution in which all outcomes are equally likely over a given range.