Each Customer Entering a Department Store Will Either Buy or Not

question 79

Multiple Choice

Each customer entering a department store will either buy or not buy some merchandise. An experiment consists of following 4 customers and determining whether or not they purchase any merchandise. How many sample points exist in the above experiment? (Note that each customer is either a purchaser or non-purchaser.)

• A)2
• B)4
• C)12
• D)16

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Definitions:

Federal Governments

A system of government where power is divided between a national (federal) government and various regional governments.

Command Economy

A system of economy in which all determinations about the generation and distribution of products and services are made by the state or central authority.

Markets

Places or systems where buyers and sellers interact to trade goods, services, or resources.

Free Enterprise

An economic system where private individuals rather than the government have the right to own property and conduct businesses, subject to minimal regulatory constraints.