When Compared to Physical Goods,services Tend to Be Higher in

question 48

Multiple Choice

When compared to physical goods,services tend to be higher in

• A)experience characteristics.
• B)credence characteristics.
• C)search characteristics.
• D)both experience and credence characteristics.
• E)all of these.

---

Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, describing how much individual data points differ from the mean.

Sample Mean

The average of a set of numerical values drawn from a sample of a population, used as an estimate of the population mean.

Margin Of Error

The amount of error that can be tolerated in the results of a poll or survey, indicating the potential deviation from the true population parameter.

Confidence Interval

A spectrum of numbers, extracted from sample observations, presumed to hold the value of a not yet identified population characteristic.