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What are the measures of dispersion?

OPTIONS Mean, Mode, and Median Range , Variation, and Standard Deviation Mode, Medium, and Range Median , Range, and Variation ANSWER Range , Variation, and Standard Deviation EXPLANATION The measures of dispersion are Range, Variation, and Standard Deviation. Range is the difference between the maximum...
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What does Ratio Scale define?

OPTIONS The ratio of supply vs. demand The ratio of supporters vs. resistors All the true zero value points. Only the positive measurements. ANSWER All the true zero value points. EXPLANATION The Ratio Scale defines all true zero value points. You can perform addition, subtraction,...
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Which measurement scale is a comparative scale of management?

OPTIONS Ratio Interval Variance Ordinal ANSWER Ordinal EXPLANATION An ordinal scale defines one item having more or less of the attribute than the other item. In simple words, it is a comparative scale of measurement. Example — Taste and attractiveness. As statistical measures, Rank order...
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What does nominal measurement define or classify?

OPTIONS Information about inputs from stakeholders Set of mandatory processes Presence or absence of a certain attribute Minimal length of the project ANSWER Presence or absence of a certain attribute EXPLANATION Nominal scales define or classify only the presence or absence of a certain attribute....
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What are the various types of measurement scales?

OPTIONS Nominal, Ordinal, Interval, and Ratio Nominal, Ordinal, Inverse, and Proportional Direct, Indirect, Inverse, and Proportional Regular, Variance, Inverse, and Proportional ANSWER Nominal, Ordinal, Interval, and Ratio EXPLANATION The key measurement scales are Interval, Nominal, Ordinal, and Ratio.
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What does SIPOC stand for?

OPTIONS Stakeholders,Inputs,Process,Outputs, and Clients Stakeholders,Inputs,Process,Outputs, and Customers Suppliers,Inputs,Process,Outputs, and Customers Suppliers,Inputs,Purchase,Outputs, and Customers ANSWER Suppliers,Inputs,Process,Outputs, and Customers EXPLANATION An SIPOC diagram is a tool used by a team to identify all relevant elements of a process improvement project before work begins. It helps define a...
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