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

question 144

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 China plan to
spend more on holiday shopping is ________.

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Definitions:

Nutritional Goal

A specific health objective related to the intake, absorption, and metabolism of nutrients.

Hypertension

A medical condition characterized by persistently high blood pressure.

Sodium

A chemical element, symbol Na, essential for human health, playing a key role in nerve function and fluid balance but excessive intake can lead to health issues.

Trigeminal Neuralgia

A chronic pain condition affecting the trigeminal nerve, causing intense facial pain.