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

question 7

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 no more than 2 consumers from Canada plan to
spend more on holiday shopping is ________.

---

Definitions:

Tasks

Specific duties or responsibilities assigned to an individual or team as part of their job or project work.

Jobholders

Individuals who are currently employed or possess a job.

Interviews

The process of assessing a candidate's suitability for a role, typically involving a conversation between the interviewer and the interviewee.

Employee Log

An approach to collecting job- and performance-related information by asking the jobholder to summarize tasks, activities, and challenges in a diary format.