subject
Business, 18.02.2021 19:50 peachijmin

Your company believes that its market share is at least 40 percent and makes its hiring and production decisions based on that belief. To verify this claim, you survey over 500 customers over a period of three months and find that your company's market share is no more than one quarter of the market. This finding contradicts several other similar studies on this issue, in part because your sample data is biased towards college students who are known to be less enthusiastic of the type of service provided by your company. If this is true, the error in your hypothesis test is considered a , the probability of which is measured by ___

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 16:30
Bernard made a gift of $500,000 to his brother in 2014. due to bernard’s prior taxable gifts he paid $200,000 of gift tax. when bernard died in 2019, the applicable gift tax credit had increased. at bernard’s death, what amount related to the $500,000 gift to his brother is included in his gross estate?
Answers: 3
question
Business, 22.06.2019 20:00
How many organs are supplied at a zero price? (b) how many people die in the government-regulated economy where the government-set price ceiling is p = 0? the quantity qd – qa. the quantity qe – qa. the quantity qd – qe. (c) how many people die in the market-driven economy?
Answers: 1
question
Business, 22.06.2019 22:50
Amonopolist’s inverse demand function is p = 150 – 3q. the company produces output at two facilities; the marginal cost of producing at facility 1 is mc1(q1) = 6q1, and the marginal cost of producing at facility 2 is mc2(q2) = 2q2.a. provide the equation for the monopolist’s marginal revenue function. (hint: recall that q1 + q2 = q.)mr(q) = 150 - 6 q1 - 3 q2b. determine the profit-maximizing level of output for each facility.output for facility 1: output for facility 2: c. determine the profit-maximizing price.$
Answers: 3
question
Business, 23.06.2019 00:00
Match each economic concept with the scenarios that illustrates it
Answers: 2
You know the right answer?
Your company believes that its market share is at least 40 percent and makes its hiring and producti...
Questions
question
Physics, 24.06.2019 11:10
question
Chemistry, 24.06.2019 11:10
question
Mathematics, 24.06.2019 11:10
Questions on the website: 13722361