The Owner of a Car Dealership Planned to Develop Strategies

question 89

Multiple Choice

The owner of a car dealership planned to develop strategies to increase sales. He hoped to learn the
Reasons why many people who visit his car lot do not eventually buy a car from him. For one
Month he asked his sales staff to keep a list of the names and addresses of everyone who came in to
Test drive a car. At the end of the month he sent surveys to the people who did not buy the car,
Asking them why. About one third of them returned the survey, with 44% of those indicating that
They found a lower price elsewhere. Which is true?
I. The population of interest is all potential car buyers.
II. This survey design suffered from non-response bias.
III. Because it comes from a sample 44% is a parameter, not a statistic.

• A) II only
• B) I and II
• C) I only
• D) II and III
• E) I, II, and III

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Definitions:

Testosterone

Testosterone is a steroid hormone produced primarily in the testes of males and the ovaries of females, playing key roles in health and development.

Thyroxin

A hormone produced by the thyroid gland that regulates metabolism, growth, and development in the body.

Stressful Situation

A scenario or circumstance that significantly increases levels of stress, anxiety, or tension.

Engage in Denial

The act of refusing to accept reality or facts, thus avoiding a psychologically uncomfortable truth.