SCENARIO 5-7 A Consulting Firm That Surveyed Consumers' Holiday Shopping Behavior Found

question 99

Short Answer

SCENARIO 5-7
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. The survey also found that the percentage of
consumers from the U.S., Canada, and China who said that they were willing to share personal
information with retailers in order to receive personalized offers from retailers were 55%, 46% and
72%, respectively. Suppose you randomly select 5 consumers from each of the three countries.
-Referring to Scenario 5-7, the probability that less than 4 consumers from the U.S. plan to
spend more on holiday shopping is ________.

---

Definitions:

Democratic Convention

A gathering where the Democratic Party in the United States selects its presidential and vice-presidential nominees and sets the party platform.

Protesters

Individuals who participate in public demonstrations expressing opposition to policies, actions, or situations they find unjust or unacceptable.

George C Wallace

An American politician who served as the Governor of Alabama and was known for his segregationist attitudes during the Civil Rights Movement.

Presidential Election

A process in which citizens or their elected representatives vote for a candidate to become the President of a country.