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What Challenge Do Social Networking Sites Like Snapchat and YouTube

question 32

Essay

What challenge do social networking sites like Snapchat and YouTube face with their business models? How do they go about finding a solution to this problem?


Definitions:

Proportion

A part, share, or number considered in comparative relation to a whole, typically expressed as a fraction or percentage.

Hypothesis Test

A methodology in statistics that utilizes data from a subset to assess a conjecture about a population attribute.

Publishing Contract

An agreement between an author and publisher dictating the terms under which a work will be published, including rights, distribution, and royalties.

Type I Error

The incorrect rejection of a true null hypothesis, also known as a "false positive" result in statistical hypothesis testing.

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