Yokahama Sports Equipment Ltd

question 54

True/False

Yokahama Sports Equipment Ltd. is a successful manufacturer and distributor of sports equipment in the Far East, Australia, and Europe. Top management sees attractive opportunities in the U.S. market because of the stable economy and government. In addition, of course, Americans have disposable income to spend and are willing to buy imported goods. Yokahama executives realize, however, that entering the U.S. market can be difficult and that they’ll need a well-planned strategy.
-If Yokahama turns to the WTO for the resolution of a dumping dispute,it runs the risk of the offended nation being authorized to set up its own trade barriers.

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Definitions:

P-Value

The probability of obtaining a test statistic at least as extreme as the one observed, under the assumption that the null hypothesis is true, used in hypothesis testing to determine statistical significance.

Degrees Of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution or test without violating any constraint.

P-Value

It calculates the probability that the observed differences between groups in a study could have happened by chance, used in hypothesis testing.

Right Tailed

A term used in hypothesis testing to describe a test where the critical area, or the area of interest, is located in the right tail of the probability distribution.