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

question 22

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 more than 4 consumers from Canada are willing
to share personal information with retailers in order to receive personalized offers from retailers is
________.

---

Definitions:

Revising

The process of reviewing and altering a document or work to improve its content, structure, and clarity, often in response to feedback.

Editing

The process of revising and correcting text, video, or audio to improve clarity, quality, and coherence before final publication or presentation.

Boilerplate

Language from a previous document that a writer includes in a new document. Writers use boilerplate both to save time and energy and to use language that has already been approved by the organization’s legal staff.

Business Documents

Written records or materials used in the course of business operations, including contracts, reports, and memos.