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Narrative 1-4
In 2014,Coca-Cola and PepsiCo launched two mid-calorie sodas,Coca-Cola Life and Pepsi Next (in Canada) ,banking on the health-conscious trend. Health-conscious consumers rejected the drinks en masse since one serving of the new drinks contains about a day's worth of sugar for women.
-Refer to Narrative 1-4. Which word best describes the product introductions,given that the objective of both soft-drink manufacturers was to increase their market share?
Probability
A measure of the likelihood that a particular event will occur, often expressed as a number between 0 and 1.
Outcome
The result or effect of an action, situation, or event, often used in experiments to denote the dependent variable being measured.
Deductive Reasoning
The process of reasoning from one or more statements (premises) to reach a logically certain conclusion.
Likelihood
A statistical measure of how probable a particular set of observations is, given a model or hypothesis, often used in the context of estimating parameters in statistical models.
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