Routinized Response Behavior Probably Would Be Used by Many Consumers

question 296

Multiple Choice

Routinized response behavior probably would be used by many consumers in the purchase of:

• A) soap.
• B) canned fruit.
• C) salt.
• D) milk.
• E) all of these are correct.

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Definitions:

Correlation Coefficient

A numerical measure ranging from -1 to 1 that represents the degree to which two variables are linearly related.

Covariance

Covariance is a measure indicating the extent to which two random variables change in tandem from their expected values.

Standard Deviation

A statistical measure of the dispersion or variability of a set of data points or investment returns, indicating the degree of risk involved.

Covariance

A metric that quantifies the extent to which two variables change in correspondence with each other.