SCENARIO 7-8 A Consulting Firm That Surveyed Consumers' Holiday Shopping Behavior Found

question 121

Short Answer

SCENARIO 7-8
A consulting firm that surveyed consumers' holiday shopping behavior found that the percentage of
consumers from the U.S., Canada, and China who said that they planned to spend more on holiday
shopping were 40%, 34% and 73%, respectively. Treat these results as representations of the
populations. Random samples of size 150 are selected from each of the three countries.
-Referring to Scenario 7-8, 90% of the samples from U.S. will have less than what percentage of
consumers who will spend more on holiday shopping?

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Definitions:

Freshman

A student in their first year of study at a high school or university.

Sophomore

The term used to describe a second-year student in high school or college.

Junior

A term typically used to describe a third-year student in a four-year educational institution or someone with intermediate level experience in a job role.

Senior

Refers to an individual of advanced age or to a person holding a high and often authoritative position, especially in a business or academic setting.