Answer:
a. 4% is a statistic and 1% is a parameter
Explanation:
A statistic is an estimate, for example, something for a sample extended to the entire population. In this problem, we have a shipment of over 1 million parts, and a sample of 100 is selected. Of those, 4% are defective. You have no idea that the 4% is true for the entire population, it is just an estimate. So the 4% is a statistic.
A parameter is something that is a fact about a whole population. For example, no matter the size of the shipment, it will only be accepted if 1% or less of all of the parts are defective. So 1% is a parameter.
So the correct answer is:
a. 4% is a statistic and 1% is a parameter
Answer:
These are the options for the question:
A. Segmentation
B. Cannibalization
C. Market penetration
D. Product bundling
And this is the correct answer:
B) Cannibalization
Explanation:
Cannibalization occurs when a newly introduced product reduces the market share of previous products.
In this case, the pocket-friendly combo meals have effectively made the rest of the menu unattractive to customers, it has cannibalized the other meals.
This effect is refer to as cannibalization, because as the original meaning refers to a hostile act withing the same species, in marketing, this effect occurs among products within the same company.
Answer:by usin rocket flue that’s what my 8th grade teacher said -Tokyo
Explanation:
Answer:
B) assessment centers
Explanation:
Since in the question it is mentioned that the company could hired marketing managers after testing their strategic thinking by providing the job description i.e any task designed to provide you with an realistic summary of the day-to-day tasks you are interviewing.
So according to the given situation, the company uses the assessment centers so that they could analyze the individual performance at the time of interview
Answer:
The correct answer is: marginal product; average product of labor
Explanation:
Marginal product of a resource or input can be defined as the increase in output because of employing an additional unit of that resource or input.
It can be calculated by the ratio of change in output to change in input.
The variable factor in the short run is labor. Average unit produced by each labor unit is termed as the average product of labor.
It is calculated by the ratio of total output to quantity of labor employed.