The Emergence of Technology Has Created New Markets for Companies

question 27

Multiple Choice

The emergence of technology has created new markets for companies. Which of the following represents an example of this new market tendency?

• A) The construction of corner drugstores that replace gas stations
• B) Listing of ingredients on the side panel labels of products distributed worldwide
• C) Newspapers being distributed on-line as opposed to physically on newsprint
• D) Storage facilities rented by the month

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Definitions:

Significance Level

A threshold below which a p-value indicates that the null hypothesis can be rejected.

Standard Deviation

A statistic that quantifies the dispersion or spread of a set of data points around their mean value, highlighting variability within the data set.

Monthly Incomes

Regular earnings received by individuals or households on a monthly basis from employment or investments.

Significance Level

A threshold used in statistical hypothesis testing to determine whether a result is statistically significant, typically denoted by alpha (α), and representing the probability of rejecting the null hypothesis when it is in fact true.