Which Product Is an Example of Possession Utility

question 156

Multiple Choice

Which product is an example of possession utility?

• A) a smartphone with a large selection of new apps
• B) the local dairy that offers to deliver bottles of milk to a customer's doorstep
• C) disposable diapers that come equipped with resealable tabs
• D) a gourmet food store that carries a line of ready-made salads
• E) a mobile phone company that offers six-month financing, same as cash

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Definitions:

Sample Proportion

A statistical measure that represents the proportion of success or a particular attribute in a sample.

Confidence Interval

A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter, giving an estimate of the uncertainty around the main measurement.

Population Proportions

Ratios or fractions that represent parts of a whole for specified groups within a population.

Sample Counts

The actual observed frequencies or totals of occurrences or items in sampled categories or groups.