Each customer entering a department store will either buy or not buy some merchandise. An experiment consists of following 4 customers and determining whether or not they purchase any merchandise. How many sample points exist in the above experiment? (Note that each customer is either a purchaser or non-purchaser.)
a. 2
b. 4
c. 12
d. 16
D
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Coca-Cola sold its drinks in Russia for years in exchange for vodka. This is an example of a(n) ________
A) joint venture B) direct investment C) countertrade D) import quota E) licensing agreement
In terms of the doctrine of quasi-contract, which of the following statements is true?
A. The agreement between the parties to a quasi-contract is inferred from their conduct. B. It is an equitable doctrine intended to prevent unjust enrichment. C. It only applies to situations involving an enforceable contract between the parties. D. It allows a court to award damages to the defendant even though no actual contract existed between the parties.
A random sample of 25,000 ACT test takers had an average score of 21 with a standard deviation of 5. Determine the standard error.
A. .0230 B. .0316 C. .1328 D. .0141
Public information about a company, good, or service appearing in the mass media as a news item is:
A. personal selling B. advertising C. mass communications D. publicity E. sales promotion