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

question 29

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, what is the probability that a random sample of 150 Canadian
consumers will have at least 45% of consumers who will spend more on holiday shopping?

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Definitions:

Nicotine Replacement

A method to help people stop smoking by delivering small amounts of nicotine to the body without the harmful effects of tobacco.

Smoking Cessation

The process of discontinuing tobacco smoking.

Regular Gum

A type of chewing gum without special additives such as nicotine or specific dental benefits, often used for oral entertainment or stress relief.

Quitting Smoking

The act of ceasing the habit of inhaling smoke from burning tobacco, often to improve health outcomes.