Which of the Following Is an Example of a Natural

question 280

Multiple Choice

Which of the following is an example of a natural monopoly?

• A) the Pittsburgh Penguins hockey team, a National Hockey League team
• B) Ford Motors, the large automobile producing company
• C) Florida Power and Light, an electric utility in Florida
• D) Sony, the Japanese producer of the Playstation III
• E) JCPenney, the large department store chain

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Definitions:

Sampling Distribution

The probability distribution of a statistic based on repeated sampling from the same population, used to understand the statistic's properties.

Confidence Interval

A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter, with a given degree of certainty.

Sample Size

The number of observations or replicates included in a statistical sample.

Confidence Interval

A series of values, derived from examining samples, that is anticipated to cover the value of an unidentified population parameter.