Max and Yvette Have Been Saving for Two Years to Take

question 8

Multiple Choice

Max and Yvette have been saving for two years to take their six children on a vacation to Disney World. They are surprised to find out that airline tickets are far more expensive than they had anticipated. They decide to try to find cheaper tickets on Priceline where they are allowed to set the price they are willing to pay for the airline tickets. What form of ebusiness model are Max and Yvette using?

• A) CBC
• B) B2B
• C) C2B
• D) C2C

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Definitions:

Sampling Error

The difference between the characteristics of a sample and those of the population from which it was drawn, arising purely by chance.

Directional Research Hypothesis

A hypothesis that specifies the direction of the expected difference or relationship between variables, predicting how one variable will affect another.

Nondirectional Research Hypothesis

A hypothesis that predicts a relationship between variables without specifying the direction of the relationship.

Sampling Plan

A detailed strategy that outlines the process of selecting items or individuals from a population to be included in a sample.