The Correct Order in the Good-Services Continuum Is

question 58

Multiple Choice

The correct order in the good-services continuum is

• A) pure services - core Services - core goods - pure goods.
• B) pure goods - pure services - core services - core goods.
• C) pure goods - pure services - core goods - core services.
• D) pure goods - core goods - core services - pure services.
• E) core goods - core services - pure goods - pure services.

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Definitions:

Continuous Random Variable

A variable that can assume an infinite number of values in a continuous range.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, indicating how much the values differ from the mean of the set.

Normal Curve

Also known as the Gaussian distribution, a bell-shaped curve that is symmetric about the mean, showing the distribution of variables as naturally occurring in many processes.

Uniform Probability Density Function

A type of probability distribution in which all outcomes are equally likely, represented by a flat, constant function over its range.