Jamie Waits to Buy a Blu-Ray Player Until More Than

question 81

Multiple Choice

Jamie waits to buy a Blu-ray player until more than half of the population has already adopted the technology, mostly because he is skeptical of new technologies and is waiting for the price to fall. He is best categorized as a member of the:

• A) innovators.
• B) late adopters.
• C) late majority.
• D) laggards.

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Definitions:

Population Standard Deviation

Square root of the population variance that represents the average deviation of a score from the population mean.

Confidence Interval

Re-formulated: An estimate expressing the degree of uncertainty or certainty in a sampling method.

Mean

The average of a set of numbers, calculated by dividing the sum of these numbers by the count of numbers.

Confidence Interval

A selection of values from sample-related statistics, presumed to hold the value of an undetermined population characteristic.