A Distributor of Personal Computers Has Five Locations in a City

question 146

Multiple Choice

A distributor of personal computers has five locations in a city. In the year's first quarter, the sales in units were: For a goodness-of-fit test that sales were the same for all locations, what is the critical value at the 0.01 level of risk?

• A) 7.779
• B) 15.033
• C) 13.277
• D) 5.412

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Definitions:

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, leading to a reduced cost per unit of output.

Search Engine

A software system designed to search for information on the World Wide Web.

Long-Run Cost

Costs that a firm incurs when all factors of production and costs are variable, not fixed, in the long term.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing as scale increases.