Use the Following to Answer the Questions

question 156

Multiple Choice

Use the following to answer the questions.
Precision Brake Company is a supplier of brake components to the manufacturers of lawn tractors and 4-wheel ATV's.It also sells its products to independent repair centers,dealers,and other wholesalers in the northeast and southern states.Precision Brake has done research on the demand for lawn tractors and found that most manufacturers are in the states of Kentucky,Tennessee,and Alabama.Research also shows that most of the dealers who sell directly to individual consumers are in the midwestern states,while dealers who sell to small business landscaping companies tend to be located in the northeastern states.Company executives are considering expansion of its distribution to markets in the midwest.
-Refer to Scenario 7.2.When Precision Brake sells to the individual dealers,they would be considered which of the following business types?

• A) Producer
• B) Reseller
• C) Government
• D) Institutional
• E) Covert

---

Definitions:

Standard Error

A measure of the statistical accuracy of an estimate, indicating how much the sample mean is expected to vary from the true population mean.

Mean

The average of a set of numbers, calculated by dividing the sum of all values by the count of values, and used as a measure of central tendency.

Z-statistic

A type of standard score that represents the distance in standard deviations a data point is from the mean, used in significance testing.

Two-tailed Test

A statistical test that considers both directions of a possible effect, testing for the possibility of an effect in two opposite directions.