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

question 136

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 none of the 5 consumers from the U.S. are
willing to share personal information with retailers in order to receive personalized offers from
retailers is ________.

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Definitions:

Clinical Depression

A severe psychological disorder characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure.

Communicating

The process of exchanging information, ideas, thoughts, and feelings through verbal or non-verbal means.

Life Seems

A subjective expression referring to how one perceives their existence or the state of things around them.

Chronic Low Self-Esteem

A long-term negative view about oneself, feeling inadequate or unworthy, often affecting mental and emotional well-being.