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Consider the following table and interpret it: Table 2.7 Market Size and Average Winning Percentag ...
Consider the following table and interpret it: Table 2.7 Market Size and Average Winning Percentage in the National Basketball Association: 2004-05 to 2015-16 Market size impacts average winning percentage negatively and it is statistically insignificant. Market size impacts average winning percentage negatively but it is statistically insignificant. Average winning percentage is positively correlated with market size and statistically significant. Market size impacts average winning percentage positively but it is statistically insignificant. No correlation between market size and average winning percentage.
Intro:Increase in market size proportionately increases demand for all products. In equilibrium, this generates additional entry.To estimate how much profit they could potentially earn from a new business, product or service. T