Explain Why a ?Rm Might Expand into the International Market

question 46

Essay

Explain why a ?rm might expand into the international market.

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Definitions:

Tchebysheff's Theorem

A theorem that provides a minimum bound on the proportion of values that lie within a certain number of standard deviations from the mean for any distribution.

Empirical Rule

The rule in statistics where for any normal distribution, practically all of the data is expected to be within three standard deviations from the mean value.

Empirical Rule

A statistical principle that asserts in a normal distribution, almost all data points are contained within three standard deviations from the average.

Tchebysheff's Theorem

Tchebysheff's theorem provides a bound on the probability that a random variable deviates from its mean, regardless of the distribution's shape, for any number of standard deviations.