The Weights of a Sample of 100 Boxes Being Shipped

question 7

Multiple Choice

The weights of a sample of 100 boxes being shipped by Air France from Toronto to Paris are: (i) Correct to two decimal places, the sample standard deviation is approximately 52.98.
(ii. Correct to two decimal places, the sample variance is approximately 675.25.

• A) (i) and (ii) are both correct statements
• B) (i) and (ii) are both false statements.
• C) (i) is a correct statement but not (ii).
• D) (ii) is correct, but not (i).

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Definitions:

Cash Flows

Movements of money into or out of a business, project, or financial product, often analyzed for assessing financial health or the viability of investments.

Demand Management

The process of forecasting, planning for, and managing the demand for products and services to optimize supply chain performance.

Service Sector

The segment of the economy that includes trade, financial, lodging, education, legal, medical, and other professional occupations.

Aggressive Approach

A strategic or operational stance characterized by taking bold decisions and actions, often involving some level of risk, to achieve objectives.