Which Statement Is NOT an Example of Price Discrimination

question 310

Multiple Choice

Which statement is NOT an example of price discrimination?

• A)Students receive a discount at the ice cream store when they show their college ID cards.
• B)Women receive free admission to a nightclub,while men must pay a cover charge.
• C)A country club requires members to pay annual dues,but members receive discounted prices to golf (relative to nonmembers).
• D)Street vendors increase the price of umbrellas when it is raining.

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Definitions:

Level of Significance

A threshold within statistical hypothesis testing that determines whether to accept or reject the null hypothesis, paralleling the concept of a significance level but emphasizing its critical value in analysis.

Means

The average of a set of values, calculated by dividing the sum of the values by the number of values.

Populations

Refers to the entire group of individuals or items that are the subject of a statistical study.

Critical Value

A point on the scale of the test statistic beyond which we reject the null hypothesis; it is used to determine the cutoff at which the test statistic is considered extreme.