In 2011,computers of Brand a Controlled 25% of the Market,Brand

question 91

Essay

In 2011,computers of Brand A controlled 25% of the market,Brand B 20%,Brand C 10%,and brand D 45%.In 2015,sample data was collected from many randomly selected stores throughout the country.Of the 1,200 computers sold,280 were Brand A,270 were Brand B,90 were Brand C,and 560 were Brand D.Has the market changed since 2011? Test at the 1% significance level.

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Definitions:

U.S. Economy

The economic system of the United States, characterized by private enterprise, diverse industries, and global trade relations.

Truth in Lending Act

A U.S. federal law designed to promote the informed use of consumer credit by requiring disclosures about its terms and cost.

Consumer Credit Advertising

Marketing efforts aimed at promoting credit transactions to consumers, regulated to ensure fairness and transparency.

Baiting

involves luring someone by offering something enticing but not intending to deliver as promised, often used in deceptive marketing practices.