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The Manager of Gina's Groceries Wanted to See How Customers

question 60

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The manager of Gina's Groceries wanted to see how customers would react to some new displays.To collect this information she posted employees where they could see the display and had them record how long customers looked at it,whether they picked up the item,and if they took the item with them.She is collecting _______ data to solve her research problem.


Definitions:

Effective Annual Rate

The annual return on an investment or loan taking compounding into account, expressed as a percentage.

Compounded Annually

This is an interest calculation method where interest is added to the principal once a year.

Effective Rate

The actual interest rate of an investment or loan, taking into account the effects of compounding.

Compounded Semi-Annually

Interest calculation method where the interest is added to the principal sum twice a year, causing the interest to earn interest.

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