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joejoefofana
joejoefofana
18.02.2021 • 
Business

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 ___

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