If You Reject H₀ in a Test of a Contingency

question 158

Multiple Choice

If you reject H₀ in a test of a contingency table,you conclude that based on your data:

• A)The two nominal variables are independent.
• B)The two nominal variables are equal.
• C)The two nominal variables have the same proportions listed in H₀.
• D)None of these choices.

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Definitions:

Competitive Fringe

Small, less dominant firms in a market that compete at the periphery with the larger dominant firms, often by focusing on niche segments.

Price Leader

A company that has a dominant market share and can influence the pricing policies of competitors within the industry.

Dominant Firm Model

A market structure where one firm has a large market share and sets prices, while other smaller firms follow its pricing strategy.

Fringe Firms

Smaller companies in a market that compete alongside larger firms, often by serving niche segments or employing innovative strategies to maintain market presence.