The Resource Allocation Method Used for the Online Auctions on EBay

question 343

Multiple Choice

The resource allocation method used for the online auctions on eBay is

• A) market price.
• B) lottery.
• C) contest.
• D) first-come, first-served.
• E) sharing equally.

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Definitions:

Interval and Ratio

Levels of measurement in statistics where interval data has no true zero point and ratio data has a meaningful zero, allowing for comparison of ratios.

ANOVA

Analysis of variance. A comparison of the variance within groups with the variance among groups. See also MANOVA.

Multivariate

Pertaining to three or more variables, as in multivariate analyses or multivariate statistics.

Univariate

Pertaining to an analysis or representation that involves only one variable to understand its distribution or impact in isolation.