Jack Provides Heating and Air Conditioning Equipment for Office Buildings

question 7

Multiple Choice

Jack provides heating and air conditioning equipment for office buildings. He sells ________.

• A) distributive goods
• B) consumer services
• C) consumer goods
• D) industrial goods
• E) intangible goods

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Definitions:

Standard Deviation

A metric indicating how much a group of numbers spreads out or differs from each other.

Psychic Powers

The alleged ability to perform extraordinary mental processes such as telepathy or psychokinesis.

Regression Toward

Regression toward is a statistical concept, often referred to as "regression toward the mean," indicating that extreme values of a variable are likely to be followed by more central and less extreme values.

Illusory Correlation

The cognitive bias of perceiving a relationship between variables (typically people, events, or behaviors) even when no such relationship exists.