A Company Has Developed a New Engine Whose Average Lifetime

question 28

Multiple Choice

A company has developed a new engine whose average lifetime is unknown.In order to estimate this average,100 engines are randomly selected from a large production line and tested; their average lifetime is found to be 11 years.The 11 years represents a:

• A)parameter.
• B)statistic.
• C)sample.
• D)population.

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Definitions:

Visuals

Images, diagrams, videos, or any graphic elements used to convey information or enhance communication in various contexts.

Retention

Retention refers to the ability of a company or organization to keep its employees or customers over a period of time, minimizing turnover or churn.

Misunderstandings

Occurrences where there is a failure to accurately understand or interpret someone's words, actions, or intentions, often leading to conflict or confusion.

Personalizing Relationships

Tailoring interactions and communication to build closer, individualized connections with customers or clients.