A Consumer Research Group Is Interested in How Older Drivers

question 13

Multiple Choice

A consumer research group is interested in how older drivers view hybrid cars.Specifically, they wish to assess the percentage of drivers in the U.S.50 years of age or older who intend to purchase a hybrid in the next two years.They selected a systematic sample from a list of AARP (American Association of Retired Persons) members.Based on this sample, they estimated the percentage to be 17%.The sampling frame for this study is ________________________ .

• A)all drivers in the U.S.50 years of age or older
• B)17%
• C)the list of AARP members
• D)how older drivers view hybrid cars
• E)none of the above

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Definitions:

Legally Sufficient Consideration

Value that the law recognizes as adequate to support a contract, ensuring that each party agrees to give or do something of value.

Economic Duress

A condition in which one is forced to engage in a financial transaction due to threats or pressures, rendering the agreement involuntary.

Irrevocable Offer

An offer that cannot be withdrawn or canceled by the offeror for a specified period, assuming the offeree has given some consideration in exchange for the offer's irrevocability.

Merchant

An individual or entity engaging in the selling of goods or services professionally or commercially.