The amount of television viewed by today's youth is of primary concern to Parents
Against Watching Television (PAWT).
Three hundred parents of elementary school-aged
children were asked to estimate the number of hours per week that their child watches
television. The upper quartile for the distribution was given as 20 hours. Interpret this
value.
75% of the TV viewing times are less than 20 hours per week. 25% of the times exceed 20 hours per week.
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Which of the following occurs when manufacturers or wholesalers attempt to force retailers to charge a certain price for their products?
A) horizontal price fixing B) vertical price fixing C) predatory pricing D) internal reference pricing E) assimilation pricing