________ Utility Adds Value to Goods by Having Them Available

question 281

Multiple Choice

________ utility adds value to goods by having them available where people want them.

• A) Spatial
• B) Location specific
• C) Place
• D) Geographic

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Definitions:

Histograms

A graphical representation of data using bars of different heights to show the frequency of data in consecutive and non-overlapping intervals.

Coefficient Of Correlation

A numerical measure that quantifies the degree and direction of the linear relationship between two variables, ranging from -1 to +1.

Numerical Techniques

Numerical techniques involve methods used for solving mathematical problems numerically, as opposed to analytically, often involving iterative methods, approximations, and simulations.

Graphical Techniques

Methods used in data analysis that involve the visual representation of data to identify patterns, trends, and relationships.