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A marketing firm needs to replace its existing network provider and is considering three different providers.A primary consideration is the amount of system downtime.The following table contains the amount of network downtime (in hours) for the last five months for each network provider. For the Kruskal-Wallis test,the competing hypotheses are ___________.
Herfindahl-Hirschman Index
A measure used to determine the level of competition within an industry, calculated by summing the squares of the market shares for each firm within the industry.
Concentration Ratio
A measure used in economics to assess the degree of market concentration by calculating the market share of the largest firms within an industry.
Market Share
The proportion of total sales or revenue generated by a company within a particular market, compared to the total market size.
Concentration Ratio
The concentration ratio is a measure used in economics to assess the level of competition within an industry by indicating the market share controlled by the top firms.
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