A Website, Threadless

question 89

Multiple Choice

A website, Threadless.com, allows consumers to predict which will be the most successful t-shirt design. This process is taking advantage of:

• A) the wisdom of crowds.
• B) viral marketing.
• C) guerrilla marketing.
• D) reference group influence.

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Definitions:

80% Chance

A probability statement indicating that an event is likely to occur 80 times out of 100, or 80% of the time.

Simulation

The process of modeling a real-world situation or system over time, often using computer software to predict outcomes under various conditions.

5-card Hands

A combination of five cards usually dealt from a standard deck in card games, where different combinations have varying ranks.

Royal Flush

The highest possible hand in poker, consisting of the ace, king, queen, jack, and ten of the same suit.