Which of the Following Is the Best Example of a Utilitarian

question 42

Multiple Choice

Which of the following is the best example of a utilitarian shopping motive?

• A) A consumer shops to 'hang out' with friends at a local shopping centre.
• B) A consumer shops because he loves the thrill of finding a bargain.
• C) A consumer shops to efficiently purchase groceries for the week.
• D) A consumer shops because she enjoys attention from salespeople.

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Definitions:

Null

In statistics, this refers to the null hypothesis, which is a default hypothesis that there is no significant difference or effect.

Average Profit

The mean financial gain computed by dividing the total profit by the number of units sold or transactions, providing insight into overall profitability.

Degrees of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution without violating any constraints.

T Distribution

A probability distribution that is used to estimate population parameters when the sample size is small and the population variance is unknown.