To Find the Expected Frequency in a Contingency Table

question 46

Multiple Choice

To find the expected frequency in a contingency table:

• A) take the square root of the degrees of freedom.
• B) multiply the row and column totals and divide by the grand total.
• C) use the total number of observations minus one.

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Definitions:

Multiple Sourcing

A procurement strategy that involves buying a particular product from several suppliers to reduce dependency on any single supplier and to increase competition and flexibility.

Supplier Capacity

The maximum amount of goods or services a supplier can produce or provide within a given timeframe.

Request for Quotation (RFQ)

A document issued by a buyer to suppliers, inviting them to submit a bid specifying the pricing and terms under which they would commit to sell a product or service.

Strategic Purchase

The acquisition of goods or services with a long-term perspective, considering factors such as cost, quality, and supplier relationships for competitive advantage.