Some Industries Are Relatively Easy to Enter, but Automobile Manufacturing

question 20

Multiple Choice

Some industries are relatively easy to enter, but automobile manufacturing is not because

• A) the market is saturated.
• B) it is very capital-intensive.
• C) it is a foreign market.
• D) it is too labour intensive.
• E) none of these is correct.

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Definitions:

Null Hypothesis

A hypothesis that there is no significant difference or effect, often set as a default stance to be tested against an alternative hypothesis.

Chi-square Statistic

A value used to assess how well observed frequencies match expected frequencies, important in evaluating categorical data relationships.

Puerto Ricans

A term referring to people who are citizens of Puerto Rico or those of Puerto Rican descent.

Two-Way Tables

Two-way tables categorize data into two dimensions, helping to analyze the relationship between two categorical variables.