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

question 150

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 at least 3 consumers from Canada are willing to
share personal information with retailers in order to receive personalized offers from retailers is
________.

---

Definitions:

Codominance

Condition in which two alleles of a locus are expressed in a heterozygote.

Incomplete Dominance

A genetic occurrence in which the trait exhibited by a heterozygous individual is a blend of the traits from both homozygous parents.

Epistasis

An interaction between genes in which the effect of one gene is modified or completely masked by another gene.

Polygenic Inheritance

Inheritance in which several independently assorting or loosely linked nonallelic genes modify the intensity of a trait or contribute to the phenotype in additive fashion.