Determine If the Outcome Is Unusual

question 128

Multiple Choice

Determine if the outcome is unusual. Consider as unusual any result that differs from the mean by more than 2 standard deviations. That is, unusual values are either less than µ - 2? or greater than µ + 2?.
-A survey for brand recognition is done and it is determined that 68% of consumers have heard of Dull Computer Company. A survey of 800 randomly selected consumers is to be conducted. For such groups of 800, would it be unusual to get 684 consumers who recognize the Dull Computer
Company name?

• A) Yes
• B) No

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Definitions:

Oligopolies

Market structures characterized by a small number of firms that have significant control over market prices and competition.

Marginal Costs

The additional cost incurred by producing one more unit of a product or service.

Interdependent

The mutual reliance between two or more groups, individuals, industries, or economies.

Cruciform Halo

A specific type of halo in Christian art that is shaped like a cross, signifying the crucifixion of Jesus Christ, often used to denote holy or sacred figures.