The Sample Data Below Shows the Number of Hours Spent

question 73

Multiple Choice

The sample data below shows the number of hours spent by five students over the weekend to prepare for Monday's Business Statistics exam. (See the Excel Data File.) The sample standard deviation of the number of hours spent by the five students is the closest to ________.

• A) 3.6 hours
• B) 4.1 hours
• C) 13.2 hours
• D) 16.5 hours

Differentiate between HRIS and Enterprise Resource Planning (ERP) solutions.

Comprehend the importance of data accuracy and compliance with legislation in managing HR information systems.

Identify the role of technology in fostering knowledge communities and self-service platforms within organizations.

Understand the relevance and application of mobile technology and specialized software in HR practices.

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Definitions:

Order Fill Rate

A measure of supply chain efficiency that indicates the percentage of customer orders that are fulfilled without backorders or stockouts.

Safety Inventory

Extra inventory held to guard against uncertainty in demand or supply.

Product Availability

The extent to which goods are in stock and ready for sale or delivery at any given time.

Echelon Inventory

The inventory held across different stages or levels of the supply chain, from raw materials to final products, to meet downstream demand.