SCENARIO 14-19 the Marketing Manager for a Nationally Franchised Lawn

question 128

Short Answer

SCENARIO 14-19 The marketing manager for a nationally franchised lawn service company would like to study the characteristics that differentiate home owners who do and do not have a lawn service.A random sample of 30 home owners located in a suburban area near a large city was selected; 11 did not have a lawn service (code 0)and 19 had a lawn service (code 1).Additional information available concerning these 30 home owners includes family income (Income, in thousands of dollars)and lawn size (Lawn Size, in thousands of square feet). The PHStat output is given below:
-Referring to Scenario 14-19, what is the estimated probability that a home owner with a family income of $100,000 and a lawn size of 2,000 square feet will purchase a lawn service?

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Definitions:

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, or preferences.

Negative Symptoms

Features that are characterized by a lack or reduction in normal functions, such as blunted affect or social withdrawal, often associated with schizophrenia.

Positive Symptoms

In psychiatry, symptoms that represent an excess or distortion of normal functions, such as hallucinations or delusions, particularly in the context of conditions like schizophrenia.

Acute

Describes something that is severe and sudden in onset, such as an acute illness, which contrasts with chronic conditions that develop gradually and persist over a long period of time.