Through a Review of Records,Rebecca Was Able to Determine That

question 93

Multiple Choice

Through a review of records,Rebecca was able to determine that the mean age of the population she was studying was 23.4 years old.This is known as a(n)

• A)statistic.
• B)inference.
• C)confidence level.
• D)parameter.
• E)confidence interval

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Definitions:

Competitors' Prices

The cost at which rival businesses offer similar goods or services in the market.

Potential Competitors

Potential competitors are businesses or entities not currently in a market but have the capability and interest to enter the market and compete for the same customer base.

Price-sensitive

Describes consumers or markets that are highly responsive to changes in price, where price changes can significantly impact demand.

Customer Service

Activities and support provided by a company to its customers before, during, and after a purchase to enhance satisfaction and loyalty.