What Types of Data Are Specifically Required for Decisions Made

question 9

Multiple Choice

What types of data are specifically required for decisions made at the managerial or administrative level?

• A)Real-time transactional and POS data.
• B)Internal data sales about inventory levels,orders,and customer support.
• C)External and internal data that has a one to three year time horizon.
• D)External data about the economy,competitors,and business trends.

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Definitions:

Class Width

The difference between the upper and lower boundaries of any class (category) in a frequency distribution.

Data Set

A collection of related sets of information that is composed of separate elements but can be manipulated as a unit by a computer.

Total Frequency

The sum of all frequencies in a data set, representing the total number of times a data point or category occurs.

Stem-and-Leaf Displays

A method of displaying quantitative data where each number is split into a "stem" (the leading digit(s)) and a "leaf" (the last digit).