Regarding Alternative Transporting Modes

question 100

Multiple Choice

Regarding alternative transporting modes:

• A) trucks are good for speed, frequency, dependability, and number of locations served.
• B) pipelines are slower and less dependable than water transport, but also less expensive and able to serve more locations.
• C) airways are faster, cheaper, and more dependable than railways.
• D) waterways are slow, costly, and unable to handle a variety of shipments.

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Definitions:

Standard deviation

A measure that quantifies the amount of variation or dispersion of a set of data values.

Population standard deviation

A measure of the dispersion of a set of data from its mean, calculated for the entire population.

Confidence interval

A range of values, derived from the sample statistics, that is likely to contain the value of an unknown population parameter.

Confidence interval

An estimated range of values calculated from sample data that is likely to include the true population parameter with a specified level of confidence.