A Data Set Has 2,000 Observations of Five Dimensions of a Topic

question 28

Multiple Choice

A data set has 2,000 observations of five dimensions of a topic. A subset of 500 observations is drawn from this data set. The data set had 20% observations with "Y" as value for the first dimension, whereas the subset had 17% of its observations with "Y" as value for the same first dimension. What term would be used for these 17% observations?

• A) underrepresented dimension
• B) overrepresented dimension
• C) representative subgroup
• D) underrepresented sample

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Definitions:

Unauthorized Channels of Distribution

Routes to market that are not approved or sanctioned by the original manufacturer or trademark owner, often leading to grey market activities.

Haggling

The act of negotiating the price of a good or service between the buyer and seller, with the intent to agree on a lower price than initially offered.

Economic Infrastructure

The underlying foundation of the economy consisting of physical systems like transportation, communication, and utilities that enable economic activities.

Global Market

The international trading environment in which goods, services, currencies, and cultural products are exchanged across borders.