A Major Car Manufacturer Was Interested in Whether Its Midsize

question 34

Multiple Choice

A major car manufacturer was interested in whether its midsize car was selling consistently in two markets with respect to the annual income of the car purchasers.Five-hundred new car buyers in Chicago and Miami were surveyed.In Chicago,the following pattern was observed: < $20,000 5%;$20,000-$29,999 0%;$30,000-$39,999 40%;$40,000-$49,999 30%;≥ $50,000 5%.Among those surveyed in Miami,20 earned under $20,000;70 earned between $20,000 and $30,000;265 earned between $30,000 and $40,000;125 earned between $40,000 and $50,000;and 20 earned more than $50,000.Using the data provided,the calculated value of |2 =

• A)0.883
• B)36.30
• C)11.95
• D)−0.542
• E)Not enough information is provided to calculate the value.

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Definitions:

Transportation

The action of moving goods or people from one place to another through various means such as roads, railways, air, or sea.

Suppliers

Entities that provide goods or services to other individuals or organizations, playing a critical role in the supply chain.

Felt Deprivation

A consumer’s perceived deficiency in their possessions or experiences, compared to a standard or to peers, which can influence buying behavior.

Needs

Refers to the essential requirements that individuals or organizations strive to fulfill, such as food, shelter, security, or business resources.