Dell Computer Attempts to Collect Information About Customers Before Purchase

question 37

Multiple Choice

Dell Computer attempts to collect information about customers before purchase and assemble customized product for the customers.This process tries to

• A)reduce transaction costs for both Dell and the customer.
• B)reduce transaction costs for the customers only.
• C)increase transaction costs for Dell so that it can reduce taxable profits.
• D)increase transaction costs for customers so that IBM can also sell PCs.

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Definitions:

Outlier

Numbers in a data set that are extreme values; calculate outliers in a data set by multiplying 1.5 times the IQR; subtract this product from Q1 to compute the boundary for lower outliers and add this value to Q3 to compute the boundary for upper outliers.

Average Bill

Refers to the mean amount charged for a service or product over a specified period, often used to estimate monthly or yearly expenses.

Linear Regression

A statistical method for modeling the relationship between a dependent variable and one or more independent variables by fitting a linear equation to observed data.

Interpolation

To predict corresponding variables within the domain.