The Manager of Inkman, a Convenience Store, Keeps Track of the Average

question 37

Multiple Choice

The manager of Inkman, a convenience store, keeps track of the average sale amount for each customer as a way of deciding on the product mix to be carried in the store. This is an example of ________ control.

• A) feedforward
• B) output
• C) input
• D) MBO

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Definitions:

Median

The middle value in a data set, which divides the set into two equal halves, with an equal number of data points above and below it.

Mode

The value that appears most frequently in a data set. A mode can be used as a measure of central tendency, especially for categorical data.

Histogram

A type of graph that represents the distribution of numerical data by showing the number of data points that fall into various ranges or bins.

Skewed Distribution

A type of distribution in which data points are not symmetrically distributed around the mean, typically tilting to the left (negatively skewed) or to the right (positively skewed).