Will Conducted a Study of High School Lunch Preferences

question 12

Multiple Choice

Will conducted a study of High School lunch preferences. Consider the sample items below from his survey and answer the following questions.
1. Grade 9 10 11 12
2. Gender M F
3. How often do you buy school lunch? _____________
4. Of the following, circle those that apply to why you buy lunch.
Convenience Cost Friends buy
Please rate your agreement regarding if the school should serve these items:
10. Do you think the cost of school lunches is fair? __________________
11. What other items would you like to see offered at the school __________________
-Of the following, how is item 4 best categorized?

• A) Likert
• B) Checklilst
• C) Free response
• D) Demographic

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Definitions:

Probability

A measure of the likelihood that a particular event will occur.

Reservation Price

The maximum amount a buyer is willing to pay for a good or service or the minimum amount a seller is willing to accept.

English Auction

An auction format where buyers bid openly against one another, with each subsequent bid higher than the previous, until the highest bidder wins.

Willingness To Pay

The maximum amount a consumer is ready to pay for a particular good or service.