Which of the Following Businesses Would Be LEAST LIKELY to Use

question 132

Multiple Choice

Which of the following businesses would be LEAST LIKELY to use an intermittent process?

• A) a print shop
• B) an oil refinery
• C) a tax service
• D) a bakery

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Definitions:

Margin Of Error

An expression of the amount of random sampling error in a survey's results, indicating a range within which the true value lies with a certain level of confidence.

Point Estimate

A single value or statistic that is used to estimate the value of an unknown population parameter.

Population Standard Deviation

A measure of the dispersion or spread of all the values in a population, representing the square root of the population variance.

Interval Estimate

An estimate that provides a range of values, typically defined by a confidence interval, believed to encompass the true population parameter.