The Chancellor of a Major University Was Concerned About Alcohol

question 59

Multiple Choice

The chancellor of a major university was concerned about alcohol abuse on her campus and wanted to find out the proportion of students at her university who visited campus bars on the weekend before the final exam week.Her assistant took a random sample of 250 students.The portion of students in the sample who visited campus bars on the weekend before the final exam week is an example of .

• A)a summary table.
• B)a categorical variable.
• C)a parameter.
• D)a statistic

Understand the concept of a standard normal distribution.

Calculate percentages associated with specific z-scores in a standard normal distribution.

Identify z-scores corresponding to specific percentiles in the distribution.

Interpret graphical representations of normal distributions to find percentages or probabilities.

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Definitions:

Small Business Owner

An individual who owns and operates a business with a small number of employees and relatively low volume of sales.

Target Markets

Target markets are specific groups of potential customers that a business aims to reach and serve with its products or services.

Market Trends

The observable patterns or tendencies in a market or industry, indicating the direction in which a market is moving based on various indicators and data.

Market Share

The portion of a market controlled by a particular company or product.