Assume You Obtained a MINITAB Output and a Boxplot of Differences

question 7

Multiple Choice

Assume you obtained a MINITAB output and a boxplot of differences between the number of fish at a depth of 5 meters and 10 meters. ​ ​ ​ Choose the correct statement. ​

• A) The boxplot of differences is approximately symmetric and does not show any outliers, so the assumption of normality is not unreasonable and we will use the paired t test.
• B) The boxplot of differences is approximately symmetric, but has outliers, so the assumption of normality is not unreasonable and we will use the paired t test.
• C) The boxplot of differences is approximately symmetric, but has outliers, so the assumption of normality is unreasonable and we cannot use the paired t test.
• D) The boxplot of differences is approximately symmetric and does not show any outliers, so the assumption of normality is not unreasonable and we cannot use the paired t test.

Analyze the factors influencing supplier and buyer power within markets.

Identify dynamics affecting profitability in spite of barriers to entry, such as substitute products and industry growth rate.

Recognize strategies to decrease buyer power and to command higher prices for products.

Understand the significance of unique, valuable, and hard-to-imitate resources in sustaining competitive advantage.

---

Definitions:

Insight Tool

A software or methodology used by businesses to gain understanding and analysis of data related to their market, audience, or operations.

KPI Tracker

A KPI tracker is a tool or system used for monitoring and analyzing Key Performance Indicators (KPIs) to assess efficiency, effectiveness, and performance in various business areas.