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Using Which Type of Evaluation Do Consumers Evaluate Products Based

question 97

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Using which type of evaluation do consumers evaluate products based on the overall feeling that is evoked by the alternative?


Definitions:

95th Percentile

A value below which 95% of the data points in a data set fall.

Mean

The arithmetic average of a set of values or quantities, calculated by dividing the total of all values by the number of values.

Standard Normal

A normal distribution with a mean of zero and a standard deviation of one, used as a basis for comparison with other normal distributions.

Random Variable

A variable that takes on different values randomly, each with a particular probability associated with it.

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