In Evaluating the Following Generalization(s),identify Sample,population,attribute of Interest,and the Extent

question 65

Short Answer

In evaluating the following generalization(s),identify sample,population,attribute of interest,and the extent to which the claims involved are knowable.Consider carefully the size and diversification of the sample and the extent to which the population differs or may differ from the sample;remember,what's important is that the sample be representative.
Readers of Consumer Reports can write in their opinions of movies they have seen.Each month,CR reports the total number of opinion votes it receives in this way.In one issue,the average rating of a certain movie is 4 on a scale of 1 to 5,with 5 the bad end of the scale.The total vote on the movie is 107.How sound would a generalization from this sample to American moviegoers in general be?

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Definitions:

Periodic Review Policies

Inventory management techniques that involve reviewing and adjusting inventory levels at fixed intervals to ensure adequate supply.

Safety Inventory

Extra inventory held as a buffer against uncertainty in demand or supply, to ensure service levels.

Product Availability

The extent to which products are in stock and available to be purchased by consumers.

Order Up To Level

A replenishment strategy used in inventory management where stock is ordered up to a predetermined level whenever the inventory falls below a certain point.