If There Is Absolutely No Chance a Person Will Purchase

question 91

Short Answer

If there is absolutely no chance a person will purchase a new car this year, the probability assigned to this event is_________ .

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Definitions:

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing between options.

OLED TVs

Televisions that use Organic Light-Emitting Diodes for a better display with higher contrast, deeper blacks, and a wider viewing angle compared to traditional LCDs.

LCD TVs

Liquid Crystal Display Televisions, a technology for displaying images.

Opportunity Cost

The next best alternative forgone as the result of making a decision.