Personal Music Players That Were Initially Released in the Market

question 25

Multiple Choice

Personal music players that were initially released in the market were expensive and huge, and provided limited options.Anna and her husband did not buy them at that time and waited for more selection.When they finally bought the product, the sales had levelled off and the size and prices had reduced significantly.To which of the following groups of buyers do Anna and her husband belong?

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

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Definitions:

Parabolic Shape

The shape of the graph of a quadratic function, resembling a curve that opens upwards or downwards.

Linearity

The attribute of a relationship or function that can be graphically represented as a straight line, indicating a constant rate of change.

P-Value

The probability of obtaining test results at least as extreme as the results actually observed, under the assumption that the null hypothesis is correct.

Slope Coefficient

A measure in statistics that represents the rate of change in the dependent variable per unit change in an independent variable in a linear model.