Examlex
Construct a normal probability plot of the given data. Use your plot to determine whether the data come from a normally distributed population
-The data below represents the amount of television watched per week (in hours)for 40 randomly selected teenagers.
Commoditized
When a product becomes indistinguishable from others like it on the market and competes mainly on price.
Differentiation
The method of differentiating a product or service to make it appeal more to a specific target audience.
Utility
The total satisfaction or benefit derived from consuming a good or service.
Convenience
The aspect of a product or service that relates to the ease of use and the degree to which it saves time and effort for the consumer.
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