A High Variance Indicates That

question 11

Multiple Choice

A high variance indicates that:

• A)the mean value is very high.
• B)most values are very close to the mean.
• C)most values are higher than the mean.
• D)most values are lower than the mean.
• E)the variation among the values is high.

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Definitions:

Profitability

The financial measure indicating the extent to which a business or activity generates income exceeding its costs and expenses, reflecting its economic success.

Supply Chain

A supply chain encompasses all stages involved in fulfilling a customer demand, from raw materials to the delivery of the final product.

Managerial Levers

Tools or mechanisms used by managers to control, influence, or adjust operations within an organization for optimal performance.

Increase Profitability

Strategies and efforts aimed at enhancing a company's financial gains, often through reducing costs, increasing sales, or improving operational efficiency.