David Wants to Use Most of His Savings to Buy

question 27

Multiple Choice

David wants to use most of his savings to buy a new car.There is a model that he particularly likes,but he is unsure about whether the car can be driven well in the rocky terrain where he lives.Which of the following factors is affecting David's decision making process for buying this particular car?

• A) Perceived functional risk
• B) Postdecision dissonance
• C) Perceived psychosocial risk
• D) Disconfirmation paradigm

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Definitions:

Density Function

A mathematical function that describes the probability distribution of a continuous random variable, giving the likelihood of any value within a range.

Exponential Distribution

A type of continuous probability distribution that is often used to model the time between independent events that happen at a constant rate.

Density Function

A mathematical function that describes the probability distribution of continuous variables, indicating the likelihood of different values.

Exponential Distribution

A probability distribution associated with the time between events in a Poisson process, characterized by a constant rate parameter.