Pricing Is

question 279

Multiple Choice

Pricing is:

• A)one of the four P's of the marketing mix.
• B)considered to be a part of promotion.
• C)normally a government regulated variable.
• D)totally based on the cost of products.

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Definitions:

Population Mean

The average of a set of characteristics (numeric values) in a population; a parameter that describes the central location of the data.

Sample Mean

The average of all data points in a sample, used as an estimate of the population mean.

Unbiased Estimators

Statistical estimators whose expected value is equal to the parameter being estimated.

Variance

A measure of the dispersion indicating how much the values in a data set differ from the mean.