Answer:
Omar buys a snack pack of chips that he noticed while in line at the store - Convenience impulse good
Joaquin pays for renters' insurance so that he will get paid if his belongings are destroyed in accident or burglary - Unsought good
Jamie goes to the store to buy toothpaste - Convenience staple good
Wanda reads review of different video cameras to decide what brand she wants, and then chooses the store with the lowest price on that item - Shopping good
Adriana only buys doughnuts from her favorite local doughnut shop - Specialty good
Explanation:
I have been able to match the examples with the type of goods.
Unsought good is the good that the consumer has no knowledge of. Also, he wasn't thinking of buying such good. It is usually purchased out of fear.
Specialty good usually have specific characteristics and benefit. Therefore, the consumer has a reason for purchasing it.
Shopping good is one purchased after the consumer had compared prices, quality, etc in more than one store.
Convenience staple good is the good which is consumed regularly.
Convenience impulse good is one which entices the consumer and he makes purchase without researching or thinking.
Answer:
Trademark.
Explanation:
Trademark is a type of intellectual property that involves use of a unique design to legally differentiate a product from others in the market. It shows a particular product belongs to a company.
Elizabeth should first of all get a trademark on her picture frames so that they will be legally protected from copying by others.
Answer:
Option D. We are 95% confident that the mean amount spent on electric service among the 160 households is between $151 and $216.
Explanation:
A confidence interval is a range of values, derived from the sample statistics, which may include the value of an unknown population parameter.
A 95% confidence interval indicates that between 152 of 160 samples (95%) of the same population will produce confidence intervals that will contain the population parameter.
It also means that we have a 95% confidence that the average (average amount) is among the resulting amounts obtained.
Logically, option "D" is missing the final part. This would be: D. We are 95% confident that the mean amount spent on electric service among the 160 households is between $ 15.
This is the only true option, since the test is based on a sample of only 160 households, the entire population of households cannot be included.
Hence, the correct option is:
Option D. We are 95% confident that the mean amount spent on electric service among the 160 households is between $151 and $216.
Answer:
it would be better to go the his parents house so it would be cheaper, probably around $10
Explanation:
