Question Details

Which of the following IS NOT a situation that can cause customers to be less sensitive 


1.Since the sample size is always smaller than the size of the population, the sample mean ____.
A. must always be smaller than the population mean
B. must be larger than the population mean
C. must be equal to the population mean
D. can be smaller, larger, or equal to the population mean

2.In hypothesis testing if the null hypothesis has been rejected when the alternative hypothesis is true then
_____.
A. a Type I error has been committed
B. a Type II error has been committed
C. either a Type I or Type II error has been committed
D. the correct decision has been made

3.Which of the following IS NOT a situation that can cause customers to be less sensitive to price
increases?
A. When customers have few product choices.
B. When products are highly differentiated.
C. When the product is a real or a perceived necessity.
D. When the total expenditure is high.
E. When the product is considered to be "worth it".



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