Using Parity, the Probability for Detecting an Error, Given That

question 40

Multiple Choice

Using parity, the probability for detecting an error, given that one has occurred, is:

• A)about 50% for either even or odd parity
• B)about 70% for even parity and 30% for odd parity
• C)about 30% for even parity and 70% for odd parity
• D)about 0% for either even or odd parity
• E)about 100% for either even or odd parity

---

Definitions:

Purchasing Priority

The practice of prioritizing procurement activities based on factors such as urgency, price, or importance to the business.

Holding Costs

Expenses related to keeping inventory on hand.

Stocking Costs

Expenses related to holding or storing inventory, including warehousing, handling, insurance, and spoilage costs.

Ordering Costs

Expenses related to procuring inventory.