Which type of statistical analysis is used to determine what features a new car should
Have and how this car should be priced?
A)Bivariate analysis
B)Chi-square analysis
C)One-group t-test
D)Conjoint analysis
E)Two-group t-test

Question

Quizplus · Accepted Answer

Conjoint analysis is the best type of statistical analysis to determine what features a new car should have and how this car should be priced. It allows for analyzing customers' preferences for different features and pricing options at the same time and provides insights into how different combinations of features and prices affect customers' choices.

Which Type of Statistical Analysis Is Used to Determine What