Arestaurant chain is working on improving the quality of its food and service. to track its progress it recruits customers who agree to respond to customer satisfaction surveys once every three months over the next two years. what kind of data is the restaurant chain colleing?
a. panel data
b. focus group data
c. external secondary data
d. internal secondary data
e. scanner data

An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value