Which of the Following Is Not an Example of Price

question 216

Multiple Choice

Which of the following is not an example of price discrimination?

• A)A movie theater charges a lower price for a child's ticket than for an adult's ticket.
• B)A university rebates part of the cost of tuition in the form of financial aid for needy students.
• C)A local pizza chain offers a "buy three get one free" deal.
• D)An ice cream parlor charges a higher price for ice cream than for sherbet.

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Definitions:

Variance

Variance is a statistical measure that represents the degree to which a set of observations differ from each other. It is the expectation of the squared deviation of a random variable from its mean, and it gives insights into the dispersion of a dataset.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values.

Nominal Data

Data categorized into discrete groups or categories without any inherent order or ranking.

Biological Sex

Biological sex refers to the physical and physiological characteristics, such as chromosomes, hormone levels, and reproductive/sexual anatomy, that are typically used to classify individuals as male, female, or intersex.