Minority Set-Asides

question 52

Multiple Choice

Minority set-asides:

• A) Are programs designed to advance affirmative action programs for women, minorities and the handicapped
• B) Require general contractors and other major suppliers to allocate a certain percentage of the total contract to minority-owned subcontractors
• C) Are programs where purchasers must be in compliance with federal guidelines in order to be eligible to supply the government
• D) Are systems that first identify events or problems with supplier service
• E) Are programs designed to encourage the development and growth of minority-owned businesses

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Definitions:

Normal Curve

A bell-shaped curve that represents the distribution of a set of data that is symmetrically distributed around the mean.

Binomial Random Variable

A random variable that follows a binomial distribution, representing the number of successes in a fixed number of binary experiments.

Standard Error

A statistic that measures the accuracy with which a sample distribution represents a population by using standard deviation and sample size.

Sampling Distribution

The pattern of probability distribution associated with a particular statistic, derived from a random sample.