Sharon is considering trying to open a new business within the next few years, and she is doing research to determine what kind of businesses tend to be successful. So far, she has compiled two tables. The first shows the number of businesses of several types started in Sharon’s city over the course of two years, and the number of those businesses which did not succeed and were forced to shut down within two years of opening. The second deals with separate records of successful new businesses, showing how much profit those new businesses turned over two years. Businesses on the boundary lines fall in the lower category.

The situation involving the service establishment has a probability 3.11 percentage points higher than the situation involving the retail establishment.

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Martebi Martebi · Answer 2 · 2022-04-20T18:55:58+02:00

Sharon situation is shown that the situation involving the service establishment has a probability 3.11% points higher than the situation involving the retail establishment.

What is a retail establishment.?

A Retail establishment is known to be any kind of business facility that is said to often sells goods mostly to the consumer. This is often done in stores, restaurants, pharmacies, etc.

Looking at Sharon situation businesses on the boundary lines fall in the lower category because the situation involving the service establishment has a probability 3.11% points which is said to be way much higher than the situation involving the retail establishment.

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