Value in Use Pricing Considers What a Customer Will Save

question 275

True/False

Value in use pricing considers what a customer will save by buying a product.

---

Definitions:

Student t Distribution

The Student t-distribution is a probability distribution used in statistics, especially in situations where the sample size is small and the population variance is unknown.

Mean

The arithmetic average of a set of numbers, calculated by adding them together and dividing by the count of numbers.

F Distribution

The F distribution is a continuous probability distribution that arises in the analysis of variances tests, specifically in comparing statistical models.

Degrees of Freedom

The quantity of independent variables or amounts that may be allocated to a statistical distribution.