Which of the Following Is True with Regard to Products

question 139

Multiple Choice

Which of the following is true with regard to products?

• A) The quality of products is far more difficult to measure than that of services.
• B) Products do not include experiences, organizations, persons, places, and ideas.
• C) Products are not meant for sale in the market.
• D) Products include services, events, persons, places, organizations, ideas, or a mixture of these.
• E) Products refer to only those activities that are essentially intangible.

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Definitions:

Consistent Estimator

An attribute of an estimator indicating that as the sample size increases, the estimates it produces converge in probability to the parameter being estimated.

Sample Mean

The mean value derived from a dataset sample, utilized to predict the overall population's average.

Sampling Distribution

The probability distribution of a statistic (like a mean) derived from a large number of samples of a population.

Unbiased Estimators

Statistical estimators that are expected to equal the population parameter over many samples.