A car dealership sells both new and used cars. The number of new cars sold on a given day ranges from 5 to 30 while the number of used cars sold ranges from 5 to 40. The number of used cars sold is mutually exclusive to the number of new cars sold.
Which statistic would be used to compare the number of new and used car sales on any given day?
Management uses a net promoter score.
What can management determine using this performance measurement?
Which element of an experimental study is described as the procedures applied to each subject?
What is an omission error?
What is the 80/20 rule associated with a Pareto chart?
An entrepreneur wants to start a boutique cupcake business based on family recipes shared for three generations. The entrepreneur knows the required costs associated with rent, supplies, utilities, and hourly wages and wants to determine how many cupcakes they need to sell to generate a profit.
Which technique should be used to analyze this data?
According to quality management principles, which two continuous improvement commitments should every individual in an organization make?
Choose 2 answers.
What is a basic assumption of a z-score?
Which distribution would have a mean and median that are approximately equal after an analysis of each employee’s number of customer service calls over the last month?
Which type of analysis determines whether there was a significant difference in the average donor solicitation amount between three nonprofit hospital events?
A county government is creating a budget for the next fiscal year. They wish to use analytics to guide their decisions about costs.
Which analytic method can the county apply to this issue?
Why is choosing appropriate performance indicators important for data-driven decision-making?
What are two qualities of key performance indicators (KPIs)?
Choose 2 answers.
What is the basic difference between evaluating costs and benefits in the public and private sectors?
A nonprofit organization ran a fundraiser and would like to determine the amount of a typical donation.
Which statistic is less affected by outliers and skewed data and should be used to determine the amount of a typical donation?
Why would a human resources department use both mean and median when doing a salary evaluation of a department?
In an experimental study, researchers are testing a new flea preventive medication on dogs using a blind study. Dogs are treated with the new medication or with a placebo.
Who should know which dogs are given the medication or the placebo for this blind study?
What are two benefits of good data quality management in improving business decision-making?
Choose 2 answers.
A company runs a regression analysis to determine sales based on advertising expenditures, which can be shown in a linear equation as y = 2x + 25,000. The company plans to spend $20,000 on advertising.
Which sales figure should the company expect to generate based on the given equation?
The U.S. Postal Service wants to know if local first-class mail is being delivered within two days of postmark.
Which key performance indicator (KPI) should the Postal Service use?