Statistics for Business and Economics
1st Edition
ISBN: 9780132745680
Author: NEWBOLD, Paul/ Carlson
Publisher: Pearson College Div
expand_more
expand_more
format_list_bulleted
Videos
Question
Chapter 1.3, Problem 19E
(a)
To determine
Pie chart of the worldwide market share of the browsers.
(b)
To determine
Pie chart of the worldwide market share of the browsers on October 2011.
(c)
To determine
Pie chart of the Asian market share of the browsers in October 2011.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Microsoft is one of the leading software companies. Prior to 2000, Microsoft’s share of the market for personal computer operating systems stood above 80 per cent. However, since the twenty-first century Microsoft’s market share has steadily declined to 40 per cent. This is due to the rise in competing software producers such as Apple macOS (10%), Google's Android OS (35%), Linux Operating System (35%), and Apple iOS (5%). The market share of each company is provided in parentheses. Google and Linux have decided that it would be in their best interest to work together to serve the market. This is not common knowledge to the person’s outside of the companies. State what market structure existed prior to the 2000 and illustrate how equilibrium price and quantity are determined in this industry.
Can excess profit be earned by Microsoft in the long run prior to the 2000. Explain. [3 marks]
State what market structure exists in the twenty first century. Explain if excess profit will exist…
Microsoft is one of the leading software companies. Prior to 2000, Microsoft’s share of the market for personal computer operating systems stood above 80 per cent. However, since the twenty-first century Microsoft’s market share has steadily declined to 40 per cent. This is due to the rise in competing software producers such as Apple macOS (10%), Google's Android OS (35%), Linux Operating System (35%), and Apple iOS (5%). The
market share of each company is provided in parentheses.
Google and Linux have decided that it would be in their best interest to work together to serve the market. This is not common knowledge to the person’s outside of the
companies.
i. State what market structure existed prior to the 2000 and illustrate how equilibrium price and quantity are determined in this industry.
Can excess profit be earned by Microsoft in the long run prior to the 2000. Explain.
State what market structure exists in the twenty first century. Explain if excess…
Microsoft is one of the leading software companies. Prior to 2000, Microsoft’s share of the market for personal computer operating systems stood above 80 per cent. However, since the twenty-first century Microsoft’s market share has steadily declined to 40 per cent. This is due to the rise in competing software producers such as Apple macOS (10%), Google's Android OS (35%), Linux Operating System (35%), and Apple iOS (5%). The market share of each company is provided in parentheses.
Google and Linux have decided that it would be in their best interest to work together to serve the market. This is not common knowledge to the person’s outside of the companies.
State what market structure existed prior to the 2000 and illustrate how equilibrium price and quantity are determined in this industry.
Chapter 1 Solutions
Statistics for Business and Economics
Ch. 1.2 - Prob. 1ECh. 1.2 - Prob. 2ECh. 1.2 - Prob. 3ECh. 1.2 - Prob. 4ECh. 1.2 - Prob. 5ECh. 1.2 - Prob. 6ECh. 1.2 - Prob. 7ECh. 1.2 - Prob. 8ECh. 1.3 - Prob. 9ECh. 1.3 - Prob. 10E
Ch. 1.3 - Prob. 11ECh. 1.3 - Prob. 12ECh. 1.3 - Prob. 13ECh. 1.3 - Prob. 14ECh. 1.3 - Prob. 15ECh. 1.3 - Prob. 16ECh. 1.3 - Prob. 17ECh. 1.3 - Prob. 18ECh. 1.3 - Prob. 19ECh. 1.4 - Prob. 20ECh. 1.4 - Prob. 21ECh. 1.4 - Prob. 22ECh. 1.4 - Prob. 23ECh. 1.4 - Prob. 24ECh. 1.4 - Prob. 25ECh. 1.4 - Prob. 26ECh. 1.4 - Prob. 27ECh. 1.4 - Prob. 28ECh. 1.4 - Prob. 29ECh. 1.5 - Prob. 30ECh. 1.5 - Prob. 31ECh. 1.5 - Prob. 32ECh. 1.5 - Prob. 33ECh. 1.5 - Prob. 34ECh. 1.5 - Prob. 35ECh. 1.5 - Prob. 36ECh. 1.5 - Prob. 37ECh. 1.5 - Prob. 38ECh. 1.5 - Prob. 39ECh. 1.5 - Prob. 40ECh. 1.5 - Prob. 41ECh. 1.5 - Prob. 42ECh. 1.5 - Prob. 43ECh. 1.5 - Prob. 44ECh. 1.5 - Sales revenue totals (in dollars) by day of the...Ch. 1.5 - Prob. 46ECh. 1.6 - Prob. 47ECh. 1.6 - Prob. 48ECh. 1.6 - Prob. 49ECh. 1.6 - Prob. 50ECh. 1 - Prob. 51ECh. 1 - Prob. 52ECh. 1 - Prob. 53ECh. 1 - Prob. 54ECh. 1 - Prob. 55ECh. 1 - Prob. 56ECh. 1 - Prob. 57ECh. 1 - Prob. 58ECh. 1 - Prob. 59ECh. 1 - Prob. 60ECh. 1 - Prob. 61ECh. 1 - Prob. 62ECh. 1 - Prob. 63ECh. 1 - Prob. 64ECh. 1 - Prob. 65ECh. 1 - Prob. 66ECh. 1 - Prob. 67ECh. 1 - Prob. 68ECh. 1 - Prob. 69ECh. 1 - Prob. 71ECh. 1 - Prob. 72ECh. 1 - Prob. 73ECh. 1 - Prob. 74E
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Similar questions
- Can you please answer questions 4, 5, 6, and 7? All sub-parts and questions have been provided. In the textbook question the chart falls above all of the questions, directly under the sentence, Consider a small country that exports steel. Suppose the following graph depicts the domestic demand and supply for steel in this country. One of the two price lines represents the world price of steel.arrow_forwardThree researchers are evaluating taste preferences among three leading brands of cola. After participants taste each brand, the first researcher simply checks to see if participants can distinguish them reliably by labeling each cola as "same" or "different" from the others, by giving them the same or different letter or number code. The second researcher asks each participant to identify the most preferred, the second most preferred, and the least preferred. The third researcher asks each participant to rate each of the colas on a 10-point scale, where a rating of 1 indicates “terrible taste” and 10 indicates “excellent taste," with the assumption that the difference betweeen a rating of 4 and 6 is the same as the difference between a 6 and 8. Identify the scale of measurement used by each researcher. nominal; ordinal; interval interval; ordinal; nominal nominal; interval; ordinal ordinal; interval; ratioarrow_forwardConsider the following hypothetical pooled cross-sectional data of daily COVID-19 cases per 1,000 people during the early two months of the pandemic, from March to April 2020 in Ohio and 5 other neighboring states. The variable April takes value 1 if the recorded cases are from April 2020, and takes value 0 if the recorded cases are from March 2020. The variable lockdown takes value 1 if the state put in place a Stay-at-home order beginning from March 2020, and takes value 0 otherwise. Using the difference-in-differences estimator, assess the impact of the lockdown policy on daily COVID-19 cases. Table 1. Daily COVID-19 Cases by State April Cases Lockdown State Indiana 0 2 0 Indiana 1 8 0 0 1 0 1 2 0 Kentucky Kentucky Michigan Michigan Ohio 0 3 0 1 8 0 0 2 1 Ohio 1 4 1 0 4 1 1 7 1 Pennsylvania Pennsylvania West Virginia West Virginia 0 1 1 1 2 1arrow_forward
- Consider the file demand.xlsx which contains the demand observed for different levels of pricing for a product. Produce a scatter plot of demand vs price. Use trendline to fit a linear and a power function to estimate demand as a function of price. price demand 18.05 1490 13.17 4094 15.17 2784 16.83 2888 18.64 1334 11.95 3573 14.88 2961 17.04 1790 14.15 3664 17.56 1632 20.1 1564 10.21 5583 14.1 2767 13.64 3686 11 3002 20.16 1316 13.47 3661 15.77 479 17.7 1612 15.58 3287 14.33 3750 18.91 1245 20.77 1415 11.83 4643 12.32 3942 20.13 1558 12.71 4045 16.04 2843 13.99 3332 17.97 2373 12.61 3357 13.66 2884arrow_forwardA survey of 800 college seniors resulted in the following crosstabulation (Table 1) regarding their undergraduate major and whether or not they plan to go to graduate school. Please use the information to answer questions 1-3. Undergraduate Major Graduate School Business Engineering Others Total Yes 70 84 126 280 No 182 208 130 520 Total 252 292 256 800 1.What percentage of the students does not plan to go to graduate school? 2.What percentage of the students' undergraduate major is engineering? 3.Of those students who are majoring in business, what percentage plans to go to graduate school?arrow_forwardYou are a manager for Company ABC and decide to compile data and analyze your employees’ level of satisifaction. You create a survey to ask each employee to rate their level of satisfaction working at Company ABC. Table 1 shows data of 15 people employees that responded to your survey. Each of the employees have the same job title: Sales Representative. The data set includes variables regarding an employee ID, gender, ethnicity, region, pay rate, employee satisfaction rating. Each employee was asked to rate their level of satisfaction working at Company ABC. A composite score from 0 (lowest) to 5 (highest) is shown as the data variable employee satisfaction. Table 1: Employee Data on 15 Sales Representatives at Company ABCarrow_forward
- You work for a Nova Scotia Company trying to successfully enter the cranberry market in Australia. Create an analysis on the entry country (Australia) based on the following; Is the population growing? Is it steady or is it in decline? What is the birthrate and number of live births? How is this relevant to your company?arrow_forwardSuppose the Kalamazoo Brewing Company (KBC) currently sells its microbrews in a seven-state area: Illinois, Indiana, Michigan, Minnesota, Mississippi, Ohio, and Wisconsin. The company’s marketing department has collected data from its distributors in each state. This data consists of the quantity and price (per case) of microbrews sold in each state, as well as the average income (in thousands of dollars) of consumers living in various regions of each state. The data for each state are available via the link below--please note there are multiple tabs at the bottom of the spreadsheet, each refers to one of the seven states selling the Kalamazoo Brewing Company’s microbrews.Excel Data FileAssuming that the underlying demand relation is a linear function of price and income, use your spreadsheet program to obtain least squares estimates of Wisconsin’s demand for KBC microbrews.Instruction: If the estimate is negative, enter a negative number (-) in the equation. Enter your responses…arrow_forwardOver the last several decades improvements in computer software, hardware and robotics have dramatically altered the ability of machines to do complex repetitive tasks. Discuss the implications for semi-skilled skilled workersas a result of this improvement. Discuss how the cost of the new technology influences the choice of inputs used in production and the rate of adoption of the new technology. Can you please answer this question so there will be no plagiarism, you have answer for this question in your website, but more likely it is already copied by someone elsearrow_forward
- Exports of goods and services 1,872 Imports of goods and services 2,375 Net unilateral transfers -99 Net Investment Income 170 Capital Account -7 Net US acquisition of financial assets 958 Net US incurrence of liabilities 1,391 Net financial derivatives -14 Based on table above, the statistical discrepancy is Group of answer choices 15 8 0. -8 -15arrow_forwardFill in the missing data for the following data.arrow_forwardIt is known that the ABC oil company supplies consumers with 150 tons of products per day. The company produces only two types of products - gasoline and diesel fuel. The limiting transformation ratio of diesel fuel relative to gasoline is 0.5. a) Draw a line of the company's monthly production capacity for gasoline and diesel. b) With the advent of new technologies, production increased by 20%, and the availability of gasoline increased by 30%. Explain how the company's new product line differs from the previous one. c) If we put the gasoline production on the X-axis of the graph, what percentage of the slope capacity of the production line is different from the slope ratio of the previous production line?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Principles of Economics (12th Edition)EconomicsISBN:9780134078779Author:Karl E. Case, Ray C. Fair, Sharon E. OsterPublisher:PEARSON
Engineering Economy (17th Edition)EconomicsISBN:9780134870069Author:William G. Sullivan, Elin M. Wicks, C. Patrick KoellingPublisher:PEARSON
Principles of Economics (MindTap Course List)EconomicsISBN:9781305585126Author:N. Gregory MankiwPublisher:Cengage Learning
Managerial Economics: A Problem Solving ApproachEconomicsISBN:9781337106665Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike ShorPublisher:Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-...EconomicsISBN:9781259290619Author:Michael Baye, Jeff PrincePublisher:McGraw-Hill Education
Principles of Economics (12th Edition)
Economics
ISBN:9780134078779
Author:Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:9780134870069
Author:William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-...
Economics
ISBN:9781259290619
Author:Michael Baye, Jeff Prince
Publisher:McGraw-Hill Education
Forecasting: Exponential Smoothing, MSE; Author: Joshua Emmanuel;https://www.youtube.com/watch?v=k_HN0wOKDd0;License: Standard Youtube License