Which of the Following Groups Is Most Likely to Pay

question 67

Multiple Choice

Which of the following groups is most likely to pay a premium for the latest and newest technology or product to come along and to champion it if it meets with their approval?

• A)Innovators
• B)Late majority
• C)Early majority
• D)Early adopters
• E)Laggards

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Definitions:

Standard Deviation

A gauge of the degree to which a group of numbers varies or is scattered.

Mean

In statistical terms, the mean refers to the average of a set of numbers calculated by adding all the numbers together and then dividing by the count of those numbers.

Cross-sectional Method

A research design that compares different population groups at a single point in time.

Different Ages

Refers to the diversity of age groups within a population, each having unique physical, psychological, and social characteristics.