Match the product below with it's elasticity (elastic, ineleastic, or it depends). For example, it used to be the case that an apple i-phone would have a relatively inelastic price when it is first released (people will pay a high dollar amount for the product because of its brand name/image). a. cigarettes
b. coffee
c. gasoline for people who drive a lot
d. basic clothing items
e. airline tickets
d. sugar sweetened beverages (e. g., coke) that someone is addicted to
e. online streaming services

1. elastic
2. elastic
3. inelastic
3. inelastic
4. elastic
5. inelastic
6. it depends

Select the correct answer a research organization conducts certain chemical tests on samples. they have data available on the standard results. some of the samples give results outside the boundary of the standard results. which data mining method follows a similar approach? o a. data cleansing ob. network intrusion o c. fraud detection od. customer classification o e. deviation detection

Alarge university wanted to study the relationship between completing an internship during college and students' future earning potential. prom the same graduating class, they selected a random sample of 80 students who completed an internship and 100 students who did not complete an internship and examined their salaries five years after graduation. they found that there was a statistically higher mean salary for the internship group than for the noninternship group. which of the following interpretations is the most appropriate? a. there could be a confounding variable, such as student major, that explains the difference in mean salary between the internship and no internship groups.b. we cannot infer anything from these data since the distribution of salaries is likely right skewed.c. you cannot draw any valid conclusions because the sample sizes are different.d. more students should complete internships because having an internship produces a higher salary.

Large public water and sewer companies often become monopolies because they benefit from although the company faces high start-up costs, the firm experiences average production costs as it expands and adds more customers. smaller competitors would experience average costs and would be less