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Speed Limits Violation
Do out-of-state motorists violate the speed limit more frequently than in-state motorists? This vital question was addressed by the highway patrol in a large eastern state.A random sample of the speeds of 2,500 randomly selected cars was categorized according to whether the car was registered in the state or in some other state and whether or not the car was violating the speed limit.The data follow.
-{Speed Limits Violation Narrative} Estimate with 95% confidence the difference in population proportions.
Four Actions Grid
A strategic tool used in blue ocean strategy to redefine the value proposition by determining what to eliminate, reduce, raise, and create.
Blue Ocean Strategy
A business strategy that focuses on creating a new market space (or "Blue Ocean") that is uncontested and makes competition irrelevant.
Four Actions Grid
A strategic tool used in the Blue Ocean Strategy framework that helps businesses to determine new opportunities by asking four questions: What to eliminate, reduce, raise, and create.
Blue Ocean Strategy
A business theory that suggests companies are better off searching for ways to gain "uncontested market space" rather than competing with similar companies.
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