A Complete 3 * 2 Factorial Experiment Is Called Balanced

question 131

Multiple Choice

A complete 3 * 2 factorial experiment is called balanced if:

• A) data is collected at all three levels of factor A.
• B) data is collected at both levels of factor B.
• C) the number of replicates is the same for each of the 6 treatments.
• D) None of these choices.

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Definitions:

Relative Market Share

A measure of the product’s strength in a particular market, defined as the sales of the focal product divided by the sales achieved by the largest firm in the industry.

Boston Consulting Group

A global management consulting firm known for its expertise in business strategy and for developing the BCG matrix, a tool for portfolio analysis.

Competitive Advantage

An attribute that allows an organization to outperform its competitors, often through unique resources, capabilities, or position.

Product Line

A group of related products marketed by a company, which caters to a particular customer segment, need, or preference.