Which of the Following Is the Closest Example of Perfect

question 5

Multiple Choice

Which of the following is the closest example of perfect price discrimination?

• A)An airline providing discounts to its frequent-flyers as they fly more
• B)At an auction of antique furniture,each piece of furniture is sold to the highest bidder
• C)A golf-club imposing a very high entry fee to reduce membership requests
• D)An electric utility charging higher rates to the customers in the summer season than in the winter season

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Definitions:

Independent Samples

Two or more groups of data that are collected from separate, non-related populations or entities.

Dependent Samples

Pairs of samples where the members of one sample are related or matched to the members of the other sample, often used in before-and-after studies.

Dependent-Samples T Test

A method in statistics for comparing the average differences between two related or matched groups to determine if the differences are not due to random chance.

Regression

A statistical method used to determine the relationship and predict outcomes between dependent and independent variables.