In Economics,a Synonym for Satisfaction Is

question 146

Multiple Choice

In economics,a synonym for satisfaction is

• A) utility.
• B) marginal.
• C) sacrifice.
• D) normative.

---

Definitions:

Average Service

The mean level of service quality provided by an organization, gauged over a specific period or across various service instances.

Random Process

A sequence of unpredictable events in which the outcome of any specific event cannot be accurately predicted.

Probability Distribution

A statistical function that describes all the possible values and likelihoods that a random variable can take within a given range.

Cumulative Probability

The probability that a random variable takes on a value less than or equal to a specific value, aggregating across all previous probabilities.