ECO5033 Week-2 Quiz Solutions
1.The law of demand tells us precisely how much more or less consumers will buy when the price of a good or service changes.A) False 2.The portion of your income given up to buy something is a factor influencing its…
1.The law of demand tells us precisely how much more or less consumers will buy when the price of a good or service changes.A) False 2.The portion of your income given up to buy something is a factor influencing its…
1.What term refers to the “wiggle room” in the supply and demand curve? Elasticity 2.From a marketing perspective, pricing should be about the ______. Customer 3.Since we read from left to right, when we see a price, we process the…
1)The long and the wide As part of a data scientist job interview, you need to answer some technical questions. One of the challenges is to show the differences between long and wide data formats. In this exercise, you will…
1)Inspecting a DataFrame When you get a new DataFrame to work with, the first thing you need to do is explore it and see what it contains. There are several useful methods and attributes for this. homelessness is a DataFrame containing…
1)What column to merge on? Chicago provides a list of taxicab owners and vehicles licensed to operate within the city, for public safety. Your goal is to merge two tables together. One table is called taxi_owners, with info about the taxi…
1)What does time.time() measure? What does the time.time() function exactly measure? 2)Measuring time I In the lecture slides, you saw how the time.time() function can be loaded and used to assess the time required to perform a basic mathematical operation. Now, you will use…
1)Examining the dataset Throughout this course, you’ll be analyzing a dataset of traffic stops in Rhode Island that was collected by the Stanford Open Policing Project. Before beginning your analysis, it’s important that you familiarize yourself with the dataset. In this…
Which of the following is an example of “experience marketing”?Cirque du Soleil Which of the following is a pure good?Soft drink A doctor’s professional services are dominated by which of the following types of elements?Credence Marketer 1 is marketing soft pretzels. Marketer…
For someone buying a Volvo, the essential product is __________, and the modifier is __________.a car, safety Marketer 1 is marketing soft pretzels. Marketer 2 is marketing for a local amusement park. Why might their strategies differ?Marketer 1 has a…
Which of the following is one of the largest factors stressing out marketers these days?The pressure to show results In a marketing exchange, a customer _____.expects to pay Which of the following is defined to be an exchange between a…