TABLE 1-1 The Manager of the Customer Service Division of a Major

question 167

Multiple Choice

TABLE 1-1
The manager of the customer service division of a major consumer electronics company is interested in determining whether the customers who have purchased a Blu-ray player made by the company over the past 12 months are satisfied with their products.
-Referring to Table 1-1,the possible responses to the question "What brand of Blu-ray player did you purchase?" are values from a

• A)discrete numerical variable.
• B)continuous numerical variable.
• C)categorical variable.
• D)table of random numbers.

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Definitions:

Full Replacement Value

An insurance term referring to the amount necessary to replace damaged or lost property with new items of like kind and quality without deducting for depreciation.

Moral Hazard

A situation where one party in a transaction has the opportunity to take risks because they know they will not have to bear all the consequences.

Best Interest

A consideration that prioritizes the well-being or advantage of a person or group.

Acceptable Business Behavior

Practices within a business that are considered ethical and proper by societal and professional standards.