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What is selection bias? Describe with a few examples.
High-involvement Product
A product that requires significant customer thought and research before purchase due to its higher price or personal importance.
Running Shoes
Footwear designed to enhance comfort, support, and performance specifically for the activity of running.
New Car
A New Car is a vehicle that has not been previously registered and is purchased directly from a dealership or manufacturer.
Wholesaling
The sale of goods to retailers, to industrial, commercial, institutional, or other professional business users, or to other wholesalers.
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