Calculate the Market Share Index of a Business If Its

question 31

Multiple Choice

Calculate the market share index of a business if its share development index is 85 and it has a share potential index of 12.2%.

• A)87.8%
• B)74.6%
• C)14.4%
• D)12.2%
• E)10.4%

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Definitions:

Rounded

The process of adjusting the digits of a number to reduce its precision according to a specific rule, usually to make it simpler or easier to understand.

Median

The middle value of a data set when it is ordered from smallest to largest, or the average of the two middle values when the dataset has an even number of observations.

Outliers

Observations in a dataset that fall far outside the range of values of other observations, potentially skewing the results or analysis.

Central Tendency

A statistical measure that identifies a single value as representative of a data set, commonly the mean, median, or mode.