Of the Following, the Best Example of Private Information Is

question 96

Multiple Choice

Of the following, the best example of private information is when

• A) Michael knows the price of a gallon of milk at the minimart but Michelle doesn't know.
• B) you know some of your used car's defects but a potential buyer cannot find out about them until after buying.
• C) you don't know the quality of a used car and must hire a trained mechanic who tells you all its defects.
• D) you pay the owner of a used car a little extra and she lets you know all of the car's defects.

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Definitions:

Associated

Pertains to the connection or relationship between two or more variables or factors.

Response Variable

The outcome or variable of interest that is measured or observed in a study, experiment, or analysis to see how it is affected by explanatory variables.

Fuel Efficiency

The measure of how far a vehicle can travel per unit of fuel.

Miles Per Gallon

A measure of a vehicle's fuel efficiency, indicating how many miles it can travel on one gallon of fuel.