In the New York coupon experiment mentioned in your text, the experiment was conducted to test the effects of the face value of coupons on the likelihood of coupon redemption. Subjects were randomly assigned to 2 treatment groups
One group was offered 15-cent coupons and the other 50-cent coupons for four products. During the interviews, the respondents answered questions about which brands they used and how likely they were to cash coupons of the given face value the next time they shopped. In the preceding experiment, the dependent variable that was ________.
A) brand usage
B) the value of the coupon (15-cent versus 50-cent coupon)
C) the likelihood of cashing the coupon
D) individual shoppers
C
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Two buildings are located close together at a production facility. The probability that either of these buildings will experience a fire loss is 4 percent
However, if one building has a fire, the probability that the second building will have a fire is 60 percent. What is the probability that both buildings will have a fire? A) 1.6 percent B) 2.4 percent C) 8.0 percent D) 64.0 percent
The typical grace period found in a life insurance policy is 60 days
Indicate whether the statement is true or false