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Instruction 19-5
The director of the MBA program of a university wanted to know if a one week orientation would change the proportion among potential incoming students who would perceive the program as being good. Given below is the result from 215 students' view of the program before and after the orientation.
After the Orientation
-Referring to Instruction 19-5,the Friedman rank test is valid only if the five blocks are independent so that the yields in one block have no influence on the yields in any other block.
Required Production
The quantity of products a company needs to produce to meet its sales goals and inventory levels.
Finished Goods Inventory
The stock of completed products ready for sale but not yet sold.
Raw Materials Inventory
The materials and supplies that a company holds in stock that are necessary for its manufacturing process.
Budgeted Sales
The projected or forecasted amount of sales in units or revenue that a company plans to achieve in a specific period, used for planning and control purposes.
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