A Product That Is Perceived as New by a Potential

question 1

Multiple Choice

A product that is perceived as new by a potential adopter,whether the product is "new to the world" or simply new to the individual,is called a(n) :

• A) innovation
• B) diffusion
• C) discontinuous product
• D) laggard
• E) simulated new product

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Definitions:

Joint Probability Distribution

A statistical measure that calculates the likelihood of two events happening simultaneously and to what extent they are associated.

Probability Distribution

A function in statistics outlining every possible outcome and its probability for a random variable across a predetermined scope.

Car Salespeople

Individuals engaged in selling automobiles, often working at car dealerships or showrooms.

Joint Probability Distribution

The probability distribution of two or more random variables at the same time, used to study the relationship between them.