What Is the Main Reason a List of Potential Alternative

question 56

Multiple Choice

What is the main reason a list of potential alternative suppliers be maintained?

• A)in case the primary supplier is out of stock
• B)so the firm can sample different suppliers
• C)in case the primary supplier is more expensive
• D)to segregate purchasing suppliers

---

Definitions:

Ordinal Data

A type of categorical statistical data representing order or rank, such as levels of satisfaction, without specifying the exact differences between ranks.

Null Hypothesis

A hypothesis that proposes there is no significant difference or effect and serves as the default assumption to be tested against an alternative.

Student-t

A distribution used in statistics that is appropriate for estimating population parameters for small sample sizes or unknown variances.

F-distributions

A continuous probability distribution that arises in the testing of whether two population variances are equal.