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Table 252 Refer to Table 25

question 60

Multiple Choice

 Pool Sweeper  Output  Market share  Producer  (Revenue)   (percent)   North Star $20,000_____ Hurricane $16,000_____ Blue Lagoon $2,000_____ Clean Sweep $2,000_____\begin{array}{l}\begin{array} { l l r } \text { Pool Sweeper } &\text { Output } &\text { Market share } \\\text { Producer }&\text { (Revenue) }&\text { (percent) }\\\hline \text { North Star } & \$ 20,000 &\_\_\_\_\_\\\text { Hurricane } & \$ 16,000 &\_\_\_\_\_\\\text { Blue Lagoon } & \$ 2,000 &\_\_\_\_\_\\\text { Clean Sweep } & \$ 2,000&\_\_\_\_\_\\\end{array}\end{array}
Table 25.2 Refer to Table 25.2.Assume there are only four firms in the pool sweeper industry.What is the market share for Blue Lagoon?

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Definitions:

Treatment Sum

The total sum of all the values of the outcome variable for a specific treatment level in an experimental design.

Squared Deviations

The squares of the differences between each data point in a data set and the mean of that data set, used in various statistical calculations.

Grand Mean

The grand mean is the mean of means, calculated by taking the average of the mean values from multiple groups or samples within the data.

Population Variances

A measure that indicates the degree to which individuals in a population vary or differ from the mean of the population.

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