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

question 18

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 proportion of the samples from China will have less than 35%
of consumers who will spend more on holiday shopping?

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Definitions:

Revise

The act of re-examining and modifying something, such as a document or plan, to correct or improve it.

Concise

Expressing much in few words; clear and brief in communication.

Planning Stage

The initial phase where strategies and measures are devised before executing a project or activity.

Produce Message

To create and deliver a communication or information to a receiver or audience.