Choice Homes,Inc

question 132

Multiple Choice

Choice Homes,Inc.built its reputation by building high-quality new homes,often at prices less than older ones.Choice Homes used mass purchasing power,innovative high-tech communications among employees to coordinate the building process,and other entrepreneurial strategies to hold costs down.Its homes are primarily targeted at first-time homeowners in an effort to get people out of apartments so they can experience the joy of home ownership for the same price as rent.Choice Homes later developed the "Choice Classic" brand name for higher-end homes targeted at wealthier dual-earner couples.The Choice Classic name was designed to capitalize on the reputation of Choice Homes,especially for current Choice home owners who are ready to "move up" to a larger home.Recently,Choice Homes started a third line of homes called "Reflections," which are expensive,custom-designed homes located in exclusive,prestigious neighbourhoods.
-Refer to Choice Homes,Inc.Choice Homes is considering the development of a new category of small homes designed to replace low-income housing in the inner city.What does this strategy represent?

• A) functional modification
• B) a style modification
• C) a product line extension
• D) a product line contraction

Understand the chi-square test of independence and its requirements.

Comprehend the concept of expected versus observed values in chi-square tests.

Recognize when nonparametric statistics are preferred over parametric statistics in research.

Distinguish among various nonparametric tests and their appropriate applications.