Unlike Niche-Oriented Shopping Bots,broad-Based Shopping Bots

question 36

Multiple Choice

Unlike niche-oriented shopping bots,broad-based shopping bots:

• A)​give pricing power to the retailers.
• B)search for prices for only one type of product.
• C)operate using a Yellow Pages type of model.
• D)​include examples like SeatGeek(event tickets) andKayak(travel-related services).

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Definitions:

T Test

A statistical analysis method that evaluates if there's a significant difference between the average values of two distinct groups.

Null Hypothesis

A hypothesis that suggests there is no statistical significance in a set of given observations, serving as a default position until evidence suggests otherwise.

Research Hypothesis

A specific, testable prediction about the outcome of a scientific study based on theory or prior research.

Significance Level

The threshold at which the results of statistical analysis are considered statistically significant, commonly set at α = 0.05 or 5%.