Identify the Classes and Associations in the Following Narrative and Draw

question 15

Essay

Identify the classes and associations in the following narrative and draw a class diagram with multiplicities: To put himself through school,Zach operates an ice cream truck that travels through neighborhoods,ringing a bell to attract kids that want a cold ice cream treat.Zach's inventory includes many ice cream products and he tracks which items are sold in each sale.He occasionally adds new items to his list of ice cream products for sale.Zach only accepts cash for each sale.To identify the routes that generate the most sales,Zach summarizes sales by neighborhood but he only tracks neighborhoods with at least one sale.Zach deposits the cash received in his bank account at the end of each day.

Differentiate between the effects of sample size and confidence level on the width of a confidence interval.

Apply confidence interval concepts to various fields such as business, healthcare, and environmental studies.

Use statistical software or manual calculations to compute confidence intervals.

Evaluate the appropriateness of using a confidence interval based on the distribution of the sample data.

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Definitions:

TPS

Stands for Transaction Processing System, a type of information system that collects, stores, modifies, and retrieves the transactions of an organization.

JIT Partnerships

Refers to Just-In-Time partnerships, a collaboration between suppliers and manufacturers to ensure materials are delivered just in time for production, reducing inventory costs and enhancing efficiency.

Variability

Variability refers to the extent to which data points in a set differ from the average value.

JIT

Just-In-Time is a management strategy that aligns raw-material orders from suppliers directly with production schedules, aiming to minimize inventory costs and increase efficiency.