The Primary Variable(s)that Influence(s)the Scope of a Trading Area Is

question 14

Multiple Choice

The primary variable(s) that influence(s) the scope of a trading area is (are) :

• A)the character of the transportation network.
• B)the nature of competing businesses.
• C)the type and size of the business operation.
• D)the racial and political barriers in the local community.

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Definitions:

Possible Outcomes

Refers to all the potential results that could occur from a specified event or experiment.

Binomial Random Variable

A random variable that has only two possible outcomes, typically described as success and failure, in a series of experiments.

Fixed Period

A set length of time during which certain activities or events are scheduled to occur or conditions are meant to remain unchanged.

Expected Value

The anticipated value or mean of a random variable, representing the center of its distribution.