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The best distribution type for minimizing cost typically depends on the specific context and constraints of the problem. However, in general, a normal distribution is often favored in cost optimization scenarios due to its properties of symmetry and predictability, which allow for efficient resource allocation. Additionally, using a Poisson distribution can be effective for modeling discrete events with low probabilities, such as rare defects in manufacturing, thereby helping to minimize costs related to quality control. Ultimately, the choice should align with the data characteristics and the nature of the costs involved.
What else can I help you with?
What type of economy best fits this description Consumers help to determine the distribution of goods.?
market
What type of cost is incurred regardless of how much of a good or service is produced?
This type of cost is known as a Fixed Cost: a cost that remains constant, regardless of any change in a company's activity.
Which of the foln which type of economic system does the government control the means of production and distribution?
socialism :)
What distribution system should a manufacturer of consumer goods use?
The type of distribution system would be largely related to the marketing strategy of the company. Looking at the company as a general manufacturer of consumer goods the most likely system would be one of "selective distribution." In selective distribution the company would target their products to specific outlets where their products would best fit. Other types of distribution would be "intensive distribution" where the company would try to sell their products to as many different outlets as possible and "exclusive distribution" whereby the company would look to a very limited number of outlets that would most likely specialize in a specific niche. "Selective distribution" falls in between these two types. APEX... :) Standardization
What type of cost is what you cannot buy or do when choosing to do one thing rather than another?
The type of cost you're referring to is known as an "opportunity cost." It represents the benefits or value lost when you choose one option over another. Essentially, it reflects the potential gains you forgo by not selecting the next best alternative. Understanding opportunity costs is crucial for making informed economic decisions.
Which type of graph best shows the distribution of the weights of a certain type of animal at a zoo?
bar graph
A school of fish in the ocean is best described as what type of population distribution?
Clumped
What type of graph best portrays the overall shape of the distribution of a variable?
It is a histogram.
What type of economy best fits this description Consumers help to determine the distribution of goods?
market
Which type of graph would best display data of the shape of the distribution?
stem-and-leaf plots
What type of economy best fits this description Consumers help to determine the distribution of goods.?
market
What is the best type of marketing?
The type that most effectively reaches your customers at the least cost.
What type of graph is best suited for displaying the range and frequency distribution of the temperature for two weeks?
A line graph
What type of crash should minimize the severity of the injuries and damage that occur?
In a vehicle crash, there is not much that can be done to minimize the severity of injuries. The best thing that can be done to make sure a seat belt is worn every time.
What type of population distribution do school fish have?
The type of population distribution that schools of fish have is clumped/clustered.
What is the best type of alcohol to drink with gout to minimize flare-ups and discomfort?
The best type of alcohol to drink with gout to minimize flare-ups and discomfort is clear spirits like vodka or gin, as they have lower purine content compared to other types of alcohol. It is important to drink in moderation and stay hydrated to help reduce the risk of gout flare-ups.
What type of graph is best suited for displaying the range and frequency distribution of the temperature at the airport for two weeks?
stem and leaf
