Tuition, Charges, Fares, Fees, and Rates Are All Terms

question 38

Multiple Choice

Tuition, charges, fares, fees, and rates are all terms

• A) given to the tangible portion of the price of a service.
• B) that are interchangeable when identifying the price of a service.
• C) given to the intangible portion of the price of a service.
• D) given to describe the price of services.
• E) used in services to imply a higher quality product than the terms cost or price.

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Definitions:

Test Statistic

A quantity derived from sample data that is used in a hypothesis test to make a decision about the null hypothesis.

Chi-Squared Table

A table that shows the critical values of the chi-square distribution, used to determine the significance of chi-square statistics.

Null Hypothesis

The assumption in hypothesis testing that posits no significant difference exists between specified populations.

Contingency Table

A table often used in statistics to display the frequency distribution of variables.