The mean of the probability distribution is also called the:
a. median
b. standard deviation
c. variance
d. expected value
e. normalized point
d
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Although teenagers do not have the income of older consumers, they are still an attractive marked based on income. Why?
A) Because they have less money, they are more careful of how they spend it. B) Parents lead the teenagers into what they buy; hence any understanding of adult buying patterns can be useful for teenagers as well. C) Teenagers have more consumer confidence and are, therefore, more likely to be swayed by promotional material. D) Teenagers don't have the income of adults, but it's almost all discretionary, meaning that they can spend it as they see fit.
In his article, "Innovative Imitation", Theodore Levitt argues that ________
A) imitation is wrong and should be punished B) product imitation might be as profitable as product innovation C) innovation is not possible without substantial imitation D) innovation cannot begin unless dissatisfaction with imitation occurs E) imitation should be against the law because of the intellectual property decision involved
A good relationship with the client can be maintained if the:
A. salesperson outdoes the client. B. client takes full control. C. client outdoes the salesperson. D. roles and expectations of each person are defined. E. salesperson changes the client's mind on issues.
Car loans and home loans that require monthly payments are sometimes referred to as installment notes.
Answer the following statement true (T) or false (F)