If you have 3 choices, with the exp ( scaled net utility) being: 1.25 , 2.75 ,1.125 , for choice 1 , choice 2 and choice 3 respectively. There is a "no choice" option. The probability of customer will make no choice is: a. 16% b. 18 % c. 20% d. None of these answer
If you have 3 choices, with the exp ( scaled net utility) being: 1.25 , 2.75 ,1.125 , for choice 1 , choice 2 and choice 3 respectively. There is a "no choice" option. The probability of customer will make no choice is: a. 16% b. 18 % c. 20% d. None of these answer
Chapter8: Sequences, Series,and Probability
Section: Chapter Questions
Problem 41CT: On a game show, a contestant is given the digits 3, 4, and 5 to arrange in the proper order to form...
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If you have 3 choices, with the exp ( scaled net utility) being: 1.25 , 2.75 ,1.125 , for choice 1 , choice 2 and choice 3 respectively. There is a "no choice" option. The
a. 16%
b. 18 %
c. 20%
d. None of these answer
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