Use the Following Information to Answer Questions (1) - (4)

question 45

Multiple Choice

Use the following information to answer questions (1) - (4) . A sprint duathlon consists of a 5 km run, a 20 km
bike ride, followed by another 5 km run. The mean finish time of all participants in a recent large duathlon was
-Suppose we were to make a histogram of the finishing times of the 30 participants in the 40-44 age group. Would the histogram be a display of the population distribution, the distribution of a sample, or the sampling distribution of means?

• A)population distribution
• B)distribution of a sample
• C)sampling distribution of means
• D)normal distribution

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Definitions:

Market Share

The percentage of an industry's total sales that is earned by a particular company over a specific time period.

Market Concentration

The degree to which a small number of firms control a large percentage of a relevant market.

Competition

The rivalry among businesses or individuals for dominance or a greater share of the market or attention, often leading to innovation and better choices for consumers.

Monopolist

An individual or entity that holds a dominant position or exclusive control over a market or supply of a particular commodity or service.