THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 74

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A store has determined that 28% of all refrigerators purchasers will also purchase a service agreement.In one month,250 refrigerators are sold to customers who can be regarded as a random sample of all purchasers.
-Without doing the calculations,state in which of the following ranges the sample proportion is most likely to be: 0.27 to 0.29,0.28 to 0.30,0.29 to 0.31,and 0.30 to 0.32.

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Definitions:

Success

The achievement of a set goal, objective, or target, often measured by specific criteria such as profit, market share, or personal fulfilment.

VALS Framework

A psychographic segmentation tool that categorizes consumers based on their values, attitudes, and lifestyles for marketing purposes.

Primary Motivations

Primary motivations are the fundamental reasons or driving forces behind individuals' behaviors, actions, or pursuit of goals.

Consumer Segments

Portions of the market categorized by specific characteristics such as needs, demographics, or behaviors, allowing for targeted marketing strategies.