Refer to the Scenario Below to Answer the Following Questions

question 60

Multiple Choice

Refer to the scenario below to answer the following questions.
Dave's Doughnuts (Scenario)
Dave Glazer is the owner of Dave's Doughnuts, a five-store chain of doughnut shops located in the Okanagan region of British Columbia. At weekly management meetings, Dave asks each of the five store managers to report on local trends and new customer requests.
-Dave recently conducted an experiment with three new cooking oils in his stores. Customers were invited to participate in a taste-preference test of three sample doughnuts, one for each of the oils: N, O, and W. Based on the results of this test, Dave concluded that oil N was the favourite. Which planning technique was Dave using in this instance?

• A) quantitative forecasting
• B) global scanning
• C) regression analysis
• D) qualitative forecasting
• E) benchmarking

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Definitions:

Standard Deviation

An indicator used to assess the degree to which data points diverge or scatter around the average value.

Range

The difference between the highest and lowest values in a dataset, showing the spread of the data.

Mean

An average value that summarizes or represents the central tendency within a data set, determined by dividing the sum of all values by their count.

Mode

The value that appears most frequently in a data set.