180 consumers were asked about their buying preferences concerning a product that is sold in the market under three labels. The results were as follows.
12 buy only those sold under label A.
22 buy only those sold under label B.
28 buy only those sold under label C.
16 buy only those sold under labels A and B.
10 buy only those sold under labels A and C.
15 buy only those sold under labels B and C.
9 buy the product sold under all three labels.
How many of the consumers surveyed buy the product sold under
(a) At least one of the three labels?
consumers
(b) Labels A and B but not C?
consumers
(c) Label A?
consumers
(d) None of these labels?
consumers
180 consumers were asked about their buying preferences concerning a product that is sold in the...
Consider three countries, which have consumers with different preferences, but are otherwise the same. Suppose all 80 consumers in each of the three countries want to buy one unit of either Good A or Good B or Good C, see Tables 1, 2 and 3 below. (Goods A, B, and C are similar to each other, but not the same. Firms produce units of each good according to consumer wants and willingness to buy.) Table 1: Consumer Preferences Country 1...
2. Consider three countries, which have consumers with different preferences, but are otherwise the same. Suppose all 80 consumers in each of the three countries want to buy one unit of either Good A or Good B or Good C, see Tables 1, 2 and 3 below. (Goods A, B, and C are similar to each other, but not the same. Firms produce units of each good according to consumer wants and willingness to buy.) Table 1: Consumer Preferences Country...
In a survey of 1010 married adults, the participants were asked the question: Was a good credit score important when choosing your spouse? Four hundred and ninety-five answered in the affirmative, while 515 answered in the negative. If 6 of those surveyed were selected at random, what is the probability of the following?† (Round your answers to four decimal places.) (a) None answered in the affirmative? (b) Exactly 4 answered in the affirmative? (c) More than 4 answered in the...
Mower-Blower Sales Co. started business on January 20, 2019. Products sold were snow blowers and lawn mowers. Each product sold for $350. Purchases during 2019 were as follows: Mowers Blowers 22@ $ 203 36 @ 199 30 @ 180 22 @ 187 January 21 February 3 February 28 March 13 April 6 May 22 June 3 June 20 August 15 September 20 November 7 17 @ $ 208 45 @ 210 37 @ 224 59 @ 231 18 @ 210...
Mower-Blower Sales Co. started business on January 20, 2016. Products sold were snow blowers and lawn mowers. Each product sold for $350. Purchases during 2016 were as follows: Mowers Blowers 23@ $ 206 31@ 197 31@ 190 21@ 180 January 21 February 3 February 28 March 13 April 6 May 22 June 3 June 20 August 15 September 20 November 7 19@ $214 35@ 212 38 @ 222 61@ 232 20@ 212 19@ 214 17@206 The December 31, 2016, inventory...
Many retailers are trying to figure out whether consumers care about "green" products, and if they would pay more for products that are advertised as being green. One retailer decided to conduct a consumer study in a very large major metropolitan area in which it had many stores. The retailer devised a label scheme that ranked products on a scale of 1 to 5, where 1 = least environmentally friendly and 5 = most environmentally friendly. This ranking was added...
In February 2007, the MITI Poll surveyed adults living in Canada. When asked about the current state of the job market, 45% indicated that nw is a good time to be looking for a quality job. The reminder answered no opinion or that now is a bad time to be looking for a quality job. The results were more positive than survey taken in 2003, but down from the boom years of the 1990s. Suppose that you select a random...
please answer 1 and 2 in detail Q1) Twenty six smokers were surveyed to ascertain the number of cigarettes each smoked for a 1 weelk period. The results are as follows: 44 39 37 21 31 28 44 29 30 52 40 20 24 32 22 27 50 43 26 37 26 51 34 27 33 25 Create a frequency distribution with 5 classes using the headings: #ofcigarettes. Frequency(), Cumulative Frequency (c), and relative frequency (r). Show details of your...
30. 401(K) INVESTORs According to a study conducted in 2011 concerning the participation, by age, of 401(k) investors, the following data were obtained: 60s 50s 40s 30s 20s Age Percent 10 27 28 23 12 a. What is the probability that a 401(k) investor selected at random in 2011 was in his or her 20s or 60s? b. What is the probability that a 401(k) investor selected at random in 2011 was under the age of 50? Source: Investment Company...
4 5 6 Which of the following is irrelevant when deciding to upgrade a company's heating and air conditioning system? 7 8 9. a) the productivity of the old equipment compared to that of the new equipment 10 11 12 b) the safety of the new equipment compared to the old equipment 13 14 15 c) the purchase price of the old equipment compared to the purchase price of the new equipment d) the energy efficiency of the old equipment...