Which of the Following Is LEAST Likely to Be a Purchasing

question 110

Multiple Choice

Which of the following is LEAST likely to be a purchasing objective of business buyers?

• A)service
• B)quality of the good or service
• C)price
• D)name recognition
• E)assurance of supply

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Definitions:

Significance

Significance refers to the measure of whether the results of a study or experiment are likely not due to chance, as determined by a set threshold of probability (p-value).

Alpha (α)

The threshold of significance in a statistical test; the probability of rejecting the null hypothesis when it is true, often set at 0.05 or 5%.

Population Parameter

A value that represents a characteristic of an entire population, such as its mean or standard deviation.

Statistic

A statistic is a single measure or value that is derived from a sample of data, used to estimate or infer properties of the population from which the sample was drawn.