In Terms of an Organization's Business, Railroads May Have Lost

question 59

Multiple Choice

In terms of an organization's business, railroads may have lost market share in the 20^th century because they

• A)were too slow and cumbersome.
• B)defined their business too narrowly.
• C)defined their business too broadly.
• D)priced their services too high.
• E)were simply an outmoded form of transportation.

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Definitions:

Standard Normal

A special case of the normal distribution where the mean is 0 and the standard deviation is 1.

10th Percentile

The value below which 10% of observations in a data set fall.

Z Distribution

A normal distribution with a mean of zero and a standard deviation of one, also known as a standard normal distribution.

95th Percentile

A value below which 95% of the data points in a data set fall.