When Consumers Want to Purchase Products/services That Are Priced Too

question 167

Multiple Choice

When consumers want to purchase products/services that are priced too low i.e. less than $1) to be paid with credit cards, an) ______________________ payment system is often used.

• A) Electronic checks
• B) Micropayments
• C) e-Cash person to person)
• D) Electronic funds transfer EFT)

---

Definitions:

Rank Coefficient

A statistical measure that evaluates the strength and direction of a relationship between two ranked variables.

Spearman Rank-Correlation

A nonparametric measure of correlation that assesses how well the relationship between two variables can be described using a monotonic function, based on ranked values.

Linear Way

Refers to a direct and straightforward approach or method that progresses continuously from one point to the next.

Spearman Correlation

A non-parametric measure of rank correlation that assesses how well the relationship between two variables can be described using a monotonic function.