Which of the Following Best Illustrates Adjusting Discrepancies of Assortment

question 178

Multiple Choice

Which of the following best illustrates adjusting discrepancies of assortment?

• A)General Motors makes Hummer for one product-market and Chevrolet for another product-market.
• B)A hardware store sells all the hardware items wanted by most people.
• C)Over 310 million U.S.consumers are served by approximately 330,000 manufacturers.
• D)RCA sold more than 2,000,000 TVs last year.
• E)Three firms produce over 60 percent of all the DVD players sold in the United States.

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Definitions:

Chi-square Statistic

A measure used in statistics to analyze the independence of two categorical variables and assess how likely it is that any observed difference between sets occurred by chance.

Chi-square Statistic

A statistical measure used to evaluate the differences between observed and expected frequencies in one or more categories of a contingency table.

Expected Frequencies

The predicted counts of occurrences across different categories that one would expect if a hypothesis were true.