THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 203

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A manufacturer of automobiles conducted a market survey.Eighty percent of the customers want better fuel efficiency,while 55% want a vehicle navigation system and 45% percent want both features.
-The probability that a person wants a vehicle navigation system given that he wants a better fuel efficiency is approximately:

• A)0.80
• B)0.40
• C)0.45
• D)0.56

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Definitions:

Time Frame

A specific period during which an event occurs or an objective is supposed to be achieved.

Constraint

A limitation or restriction that may impede the progress or success of a project or organization.

Observational Data

Facts and figures obtained by watching how people actually behave, using mechanical, personal, or neuromarketing data collection methods.

Primary Data

Original and direct data collected by a researcher firsthand for a specific research purpose or project.