Which of the Following Products Is Least Likely to Be

question 139

Multiple Choice

Which of the following products is least likely to be segmented according to stages in the family life cycle?

• A)Single-family homes
• B)Cars and SUVs
• C)European vacations
• D)Soft drinks
• E)General Electric appliances

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Definitions:

Z-test

A statistical test used to determine whether two population means are different when the variances are known and the sample size is large.

Chi-square Test

A statistical test used to determine if there is a significant difference between the observed frequencies and the expected frequencies in one or more categories.

Chi-square Test

A chi-square test is a statistical test used to determine if there is a significant difference between the expected frequencies and the observed frequencies in one or more categories.

Expected Frequencies

In statistics, these refer to the counts predicted by a probability model or hypothesis, used especially in the context of chi-squared tests.