Imagine you are looking up a critical t value in a t table. If your observed t value for the degrees of freedom lies between two critical values in the table, to be conservative, you would select _______.

a.The larger value
b.The smaller value
c.Any value
d.The largest value in the table


ANS:B

Business

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________ occurs when the sample results lead to nonrejection of a null hypothesis that is in fact false

A) Type I error B) Type II error C) Type III error D) Type IV error E) Power of a test

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Charts and graphics can be unethical when they _____

A) use a consistent scale regardless of result B) are more than one year old C) include design elements D) show data out of context E) use color to attract the audience's attention

Business

Which of the following factors should a company consider when determining if an industry offers good prospects for attractive profits?

A. whether the market leaders enjoy competitive advantages and how difficult it is to promote innovation to develop a strongly differentiated product or service for which a price premium may be charged B. whether there are more than five key success factors, more than five barriers to entry, and more than five industry drivers C. an assessment of which firms in the industry have the best and worst competitive strategies, whether the number of strategic groups in the industry is increasing or decreasing, and whether economies of scale and experience curve effects are a key success factor D. constructing a strategic group map and assessing the attractiveness of the competitive position of each strategic group E. the industry's growth potential, whether competition appears destined to become stronger or weaker, how the industry's driving forces might affect overall industry profitability, the company's competitive position relative to rivals, and the company's proficiency in performing industry key success factors

Business

Treaties with foreign nations can only be made by ________ and ratified by ________

a. the Secretary of State; the President b. the President; the Senate by a two-thirds vote c. the Department of Defense; the Senate by a plurality d. the President; the House of Representatives by a three-fourths vote

Business