A Researcher Records the Following Data for the Number of Bids

question 36

Multiple Choice

A researcher records the following data for the number of bids made on a sample of items sold at an auction.Based on the table,what was the probability that an item had seven bids made on it?

• A) 5
• B) 10
• C) .10
• D) .25

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Definitions:

Inspire

To fill with the urge or ability to do or feel something, especially to do something creative.

Marketing Mix

The combination of factors that can be controlled by a company to influence consumers to purchase its products, traditionally identified as product, price, place, and promotion.

Stable

Firm, steady, or not prone to sudden changes or deterioration, often used to describe economic or environmental conditions.

True Fan

A dedicated supporter or enthusiast of a particular product, brand, musician, etc., whose loyalty is strong and enduring.