Products Such as Light Bulbs,canned Soft Drinks,and Ice Cream Sandwiches

question 1

Multiple Choice

Products such as light bulbs,canned soft drinks,and ice cream sandwiches are usually priced using

• A) multiple-unit pricing.
• B) reference pricing.
• C) price lining.
• D) bundle pricing.
• E) odd-even pricing.

---

Definitions:

Quartile

A statistical term describing each of four equal groups into which a population can be divided based on a distribution.

Histogram

A graphical representation of the distribution of numerical data, showing the frequency of data points in consecutive, non-overlapping intervals.

Frequency Distribution

A Frequency Distribution is a statistical representation showing the number of observations within specified intervals or categories.