The Higher the Inventory Turnover,the Lower the Days' Inventory on Hand

question 110

True/False

The higher the inventory turnover,the lower the days' inventory on hand.

---

Definitions:

Significance Level

The probability of rejecting the null hypothesis when it is actually true, usually denoted as alpha (α).

Null Hypothesis

The assumption for a statistical test that there is no association between two observed phenomena or no difference among groups.

Population

In statistics, this term refers to the entire group of individuals or instances about which you are interested in making conclusions.

Statistics

The science of collecting, analyzing, interpreting, presenting, and organizing data.