Which of the following describes an example of independent events? A. generating a random number between 1 and 25, and then gene
rating another random number between 1 and 25, excluding the first one picked B. generating a random number between 1 and 25, and then generating another random number between 1 and 25, including the first one picked C. generating a random number between 2 and 25, and then generating another random number less than the first one picked D. generating a random number between 1 and 24, and then generating another random number greater than the first one picked
Price anchoring is when potential buying rely on first price information about the commodity to buy. Price anchoring is used to create a price reference point when making decision as compare to old price. It also gives customers perception of future price.
