In a Consumer Survey Designed to Assess the Priorities of Online

question 21

Multiple Choice

In a consumer survey designed to assess the priorities of online shoppers, 2000 online shoppers were randomly selected and asked to identify what is most important to them when buying a product online.Respondents to the survey were classified by online shopping frequency as either "frequent online shoppers" or "occasional online shoppers." Results of the study are used to fill in a table like the one below.Based on the results, you use chi-square analysis to test the null hypothesis that shopper priority is independent of online shopping frequency. Suppose the p-value for the test turns out to be .0822.If the significance level is set at 5%, what should you conclude?

• A)The two factors are related.
• B)There is strong evidence that priority and shopping frequency are independent factors.
• C)Can't reject the "independence" null hypothesis.
• D)Reject the "independence" null hypothesis.

Categorize the various methods and indices used to measure inflation.

Analyze the factors affecting consumer spending patterns as indicated by the CPI.

Differentiate between the CPI and GDP deflator as measures of inflation.

Identify and understand the limitations and biases of the CPI.

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Definitions:

Specialized Cells

Cells that have specialized in both traits and functions to fulfill particular tasks within a living organism.

Seashore Plants

Plants adapted to life in saline environments along coastal regions.

Primary Growth

An increase in the length of a plant that occurs at the tips of the shoots and roots due to the activity of apical meristems. Compare with secondary growth.

Horizontal Growth

Increase in size or spread of an organism or structure by expanding outwards, rather than elongating.