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A survey item asked students to indicate their class in college: freshman,sophomore,junior,or senior. Which measure(s) of central location would be appropriate for the data generated by that questionnaire item?
Physical Supply
The actual, tangible products and raw materials available in the market or held by a company.
Internal Balancing
A strategy where a state increases its own power in order to counter the power of potential adversaries.
Inventory Flexibility
The ability of a supply chain to quickly adjust its inventory levels in response to shifts in demand, product variety, and market dynamics.
Random Variation
The unpredictable fluctuations or differences that can occur within any process or set of data due to chance.
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