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The technique for measuring the effect on value that is caused by differences in a single element of comparison is called: a) relatively simple analysis
The technique for measuring the effect on value that is caused by differences in a single element of comparison is called:
a) relatively simple analysis.
b) paired data analysis.
c) semi-comparable analysis.
d) none of the above.
Expert Solution
The correct answer is B.
The technique for measuring the effect on the value caused by differences in a single element of comparison is called (b) paired data analysis.
It's also referred to as the matched pairs analysis or the paired data set analysis. It determines the price difference caused by one different variable in a product. Products with high prices are considered to possess the highest value compared to products with low prices. Also, the products with high prices are considered to possess the best quality compared to products with low values.
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