How Does the Disjunctive Rule Differ from the Conjunctive Rule

question 40

Multiple Choice

How does the disjunctive rule differ from the conjunctive rule?

• A) With the conjunctive rule, the product that is thought to perform best on the most important attribute is selected, but with the disjunctive rule, the product that is thought to perform best on any attribute is selected.
• B) With the disjunctive rule, the product that is thought to perform best on the most important attribute is selected, but with the conjunctive rule, the product that is thought to perform best on any attribute is selected.
• C) The consumer sets a minimum mental cutoff in both rules, but with the disjunctive rule, the cutoff point is usually low and the product that meets or exceeds this cutoff on any feature is selected.
• D) The consumer sets a minimum mental cutoff in both rules, but with the disjunctive rule, the cutoff point is usually high and the product that meets or exceeds this cutoff on any feature is selected.

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Definitions:

Expected Return

The average return on an investment anticipated over a specified period based on historical or estimated future performance.

Variance

A statistical measure of the dispersion of a set of data points or portfolio returns, indicating how much the values differ from the average.

Indifference Curves

Graphical representations in economics to show different combinations of goods or services among which a consumer is indifferent.

Advanced Calculus

A branch of mathematics focusing on the study of rates of change (differential calculus) and the accumulation of quantities (integral calculus), often dealing with more complex concepts than those in introductory calculus.