A Cartel Is a Group of Consumers That Tries to Act

question 126

True/False

A cartel is a group of consumers that tries to act together to increase their bargaining power.

---

Definitions:

Variance

A numerical indicator that shows the distribution or variability of a dataset around its average value.

SPSS Output

The results and data analyses generated by the Statistical Package for the Social Sciences software after processing information.

Correlation Coefficient

A numerical measure of some type of correlation, meaning a statistical relationship between two variables, ranging from -1 to 1.

Mean

A type of average calculated by summing values and dividing that sum by the number of values.