Supply Chain Execution Software

question 40

Multiple Choice

Supply chain execution software:

• A) accumulates data about orders from retail customers, sales from retail outlets, and data about manufacturing.
• B) receives and routes customer orders and executes the invoice for the sale.
• C) Both a. and b.
• D) Neither a. nor b.

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Definitions:

Chebyshev's Theorem

A statistical theorem which states that for any real number greater than one, a certain proportion of values in any data set will be close to the mean, based on the number of standard deviations specified.

Standard Deviations

A measure of the amount of variation or dispersion of a set of values, indicating how spread out the values are from their mean.

Midrange

The arithmetic average of the maximum and minimum values in a data set.

Variance

A measure of the dispersion or spread of a set of data points, indicating how much they differ from the mean.