Although the Majority of Consumers Currently Interact with Brands Online

question 72

Multiple Choice

Although the majority of consumers currently interact with brands online, the commercialization of the Internet didn't start until the late _______.

• A)1980s
• B)1990s
• C)2000s
• D)2010s

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Definitions:

Random Variable

A variable whose outcomes are determined by the occurrences of a random event.

Exponential Random Variable

A type of random variable that describes the time between events in a Poisson process, representing occurrences that happen at a constant rate.

Exponentially Distributed

Describes the time between events in a Poisson point process, i.e., a process in which events occur continuously and independently at a constant average rate.

Random Variable

This refers to a variable where its values are linked to the outputs of unpredictable phenomena.