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You Go to the New Ice Cream Parlor That Has

question 120

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You go to the new ice cream parlor that has 48 different flavors of ice cream and 20 different toppings.According to behavioral economist Dilip Soman,having all these choices


Definitions:

Survey

A method of gathering data from a sample of individuals to discover information about a larger population.

Data

Information collected for reference or analysis.

Inference

The process of using data analysis to deduce properties of an underlying distribution of probability; drawing conclusions about populations based on sample data.

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