Which Is an Efficiency Gain Provided by the Internet

question 28

Multiple Choice

Which is an efficiency gain provided by the Internet?

• A) eliminates competition
• B) increases cost
• C) increases market
• D) minimizes collaboration

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Definitions:

Significance Level

The probability of rejecting the null hypothesis when it is true, often denoted by alpha (α).

Chance

The occurrence of events in the absence of any deliberate intention or predictable causation, often used to describe random variability in data.

Confidence Interval

A range of values derived from sample data that is likely to contain the true population parameter with a certain level of confidence.