TABLE 14-19 The Marketing Manager for a Nationally Franchised Lawn Service Company

question 83

Short Answer

TABLE 14-19
The marketing manager for a nationally franchised lawn service company would like to study the characteristics that differentiate home owners who do and do not have a lawn service.A random sample of 30 home owners located in a suburban area near a large city was selected; 11 did not have a lawn service (code 0)and 19 had a lawn service (code 1).Additional information available concerning these 30 home owners includes family income (Income,in thousands of dollars)and lawn size (Lawn Size,in thousands of square feet).
The PHStat output is given below:
-Referring to Table 14-19,what is the estimated probability that a home owner with a family income of $100,000 and a lawn size of 2,000 square feet will purchase a lawn service?

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Definitions:

Counterproposal

A proposal offered in response to an initial proposal, aiming to negotiate or improve the terms of an agreement.

Relationship

A connection or association between two or more entities, often characterized by mutual dealings or a bond.

Reader

A person who reads or is the intended recipient of written or printed material.

Claim Denial

A response from an insurance company or another entity that refuses a request for payment or benefits based on certain terms or conditions.