A _____ MIS Uses Data Gathered from Both Internal and External

question 20

Multiple Choice

A _____ MIS uses data gathered from both internal and external sources to provide reporting and aid decision making in areas of product design,media selection,channel distribution,and product pricing.

• A) human resources
• B) financial
• C) marketing
• D) manufacturing

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Definitions:

Normal Population

A population with a distribution that follows a normal curve or Gaussian distribution, characterized by being symmetrical and bell-shaped.

Standard Deviation

A statistical metric that quantifies the amount of variation or dispersion of a dataset relative to its mean.

Mean Age

The average age of all individuals in a particular group or population, calculated by summing their ages and dividing by the number of individuals.

Finite Population Correction Factor

A statistical adjustment applied when sampling without replacement from a finite population to improve the accuracy of estimations and reduce sampling error.