What method of probability assessment would most likely be used to assess the probability that a customer will return a purchase for a refund?
A) Classical probability based on the ratio of the number of ways the event can occur
B) Relative frequency based on previous history
C) Subjective probability based on expert opinion
D) Independent probability based on two unrelated outcomes
B
Business
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A taxpayer whose spouse recently died is most likely to use the ____________ filing status.
A) single B) married filing joint return C) married filing separate return D) head of household E) qualifying widow or widower
Business
An online grocery store has a distinct advantage over a traditional model in the area of
A) Processing costs B) Transportation costs C) Facility costs D) Information costs
Business