Mass Customization Can Be Achieved Through the Use of

question 76

Multiple Choice

Mass customization can be achieved through the use of

• A)activity-based costing.
• B)just-in-time inventory.
• C)flexible manufacturing systems.
• D)all of the above.

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Definitions:

Confidence Intervals

An array of values, based on statistics from a sample, which is assumed to enclose the value of an unidentified population feature.

Population Mean

The average value of a characteristic in a population, calculated by summing all the data points and dividing by the number of data points.

Sample Means

The average value of a set of data samples from a population.

Margin of Error

An expression of the amount of random sampling error in a survey's results, indicating how much the survey results might differ from the true population value.