A Study Was Recently Done in Which 500 People Were

question 25

Multiple Choice

A study was recently done in which 500 people were asked to indicate their preferences for one of three products.The following table shows the breakdown of the responses by gender of the respondents. If the people conducting the study wish to assess the probability that product A will be preferred by members of the target population,the method of assessment to be used would most likely be:

• A)classical probability assessment.
• B)subjective assessment.
• C)relative frequency of occurrence.
• D)independent events.

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Definitions:

Franchisor

A business entity that grants the right to an individual or group to carry out commercial activities using its brand and model.

Potential Liability

The possibility of incurring legal obligations or debts in the future as a result of current actions, decisions, or circumstances.

Degree of Control

The extent of influence or authority an entity has over its operations, processes, or decisions.

Quality

Pertains to the degree of excellence or superiority that an object or entity possesses, often measured against standards or requirements in a given context.