Internet Users Aged 15 and Older Are Expected to Buy

question 184

Multiple Choice

Internet users aged 15 and older are expected to buy about ________ worth of products and services online (excluding travel,automobiles,and prescription medications) in 2021.

• A)$200 million
• B)$900 million
• C)$40 billion
• D)$200 billion
• E)$500 billion

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Definitions:

Daily Demand

The total requirement or desire for a product or service on a daily basis.

Computers

Electronic devices designed to accept data, perform prescribed mathematical and logical operations at high speed, and display the results.

Expected Value

The sum of all possible values each multiplied by its probability of occurrence.

Binomial Distribution

A probability distribution that models the number of successes in a fixed number of independent Bernoulli trials with the same probability of success.