In Market-Basket Terminology, the Ratio of Confidence to the Base

question 26

Multiple Choice

In market-basket terminology, the ratio of confidence to the base probability of buying an item is called ________.

• A) cohesion
• B) support
• C) confidence
• D) lift

---

Definitions:

Necessity

An indispensable requirement or need for something; often something that is essential for survival or to carry out a specific task.

Luxury Good

A product or service that is considered to be of high quality and high price, often seen as a status symbol.

Monetary Cost

The amount of money required to purchase goods or services, or the financial expenditure associated with an action or decision.

Benefits Received

A principle in public finance that taxes should be levied according to the benefits received by the taxpayer from government services.