When Personal Computers Were First Produced,the Price Was Very High

question 181

Multiple Choice

When personal computers were first produced,the price was very high.As time passed,the price of personal computers fell because

• A) the demand for personal computers decreased.
• B) the initial price was too high and nobody bought personal computers.
• C) there were technological advances in the production of personal computers.
• D) people's incomes increased and personal computers are an inferior good.
• E) None of the above answers is correct.

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Definitions:

Equal Sample Sizes

A situation in statistical analysis where all groups or categories being compared have the same number of observations or data points.

Mean Response Time

The average time taken to react or respond to a stimulus or task.

Significance Level

A threshold in hypothesis testing that determines whether an observed effect is statistically significant. It is often denoted by alpha (α).

Population Variances

A statistical measure of the dispersion of data points in a population, indicating how much the values differ from the mean.