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TABLE 8-10
A university wanted to find out the percentage of students who felt comfortable reporting cheating by their fellow students. A survey of 2,800 students was conducted and the students were asked if they felt comfortable reporting cheating by their fellow students. The results were 1,344 answered "yes" and 1,456 answered "no".
-Referring to Table 8-10, a 99% confidence interval will contain 99% of the student population who feel comfortable reporting cheating by their fellow students.
Market Share
The proportion of total sales or business that a company or product secures within a particular market.
Industry
A sector of the economy characterized by the production or processing of similar goods or services.
High Concentration Ratio
Indicates that a large percentage of a market is controlled by a few firms, which could suggest less competition.
Interindustry Competition
Competition between firms that are in different industries but may target similar markets or customer needs.
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