The Data Below Shows Ratings After Viewing a Commercial What Percent of the Sample Found the Commercial to Be

question 28

Short Answer

The data below shows ratings after viewing a commercial.All measures are measured on a scale of "1" being the most positive to "5" being the least positive.
$$\begin{array} { | l | l | l | l | } \hline \begin{array} { c } \text { Respondent } \\\text { Nurmber }\end{array} & \text { Believability } & \text { Uriqueness } & \text { Relevarice } \\\hline 1 & 1 & 5 & 2 \\\hline 2 & 2 & 4 & 1 \\\hline 3 & 4 & 2 & 5 \\\hline 4 & 5 & 1 & 4 \\\hline 5 & 2 & 5 & 4 \\\hline 6 & 4 & 1 & 4 \\\hline 1 & 5 & 2 & 5 \\\hline 3 & 2 & 4 & 4 \\\hline 9 & 1 & 5 & 2 \\\hline 10 & 4 & 2 & 4 \\\hline\end{array}$$
What percent of the sample found the commercial to be both Believable and Relevant?

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Definitions:

External Cost

A cost of a transaction that affects someone who is not directly involved in the transaction.

Profit Maximizing

A strategy or point at which a firm decides the price and output level that leads to the maximum profit.

MSB Curve

The Marginal Social Benefit curve, showing the extra benefit to society of producing one more unit of a good.

MCA Curve

A graphical representation showing the relationship between the amount of pollution abated and the marginal cost of abatement.