Plan to Buy
Intentions of Consumers Regarding Future Automobile Purchases

question 77

Short Answer

Plan to buy
Intentions of consumers regarding future automobile purchases and the financial capability of the consumers are given below: $$\begin{array}{l}\quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \text { Plan to buy }\\\begin{array} { | c | c c c | } \hline \begin{array} { c } \text { Qualify for } \\\text { Financing }\end{array} & \begin{array} { c } \text { Within 6 months } \\( \mathrm { A } )\end{array} & \begin{array} { c } \text { 6 months or longer } \\( \mathrm { B } )\end{array} & \begin{array} { c } \text { No } \\\text { (C) }\end{array} \\\hline \text { Yes (D) } & 0.30 & 0.20 & 0.10 \\\text { No (E) } & 0.10 & 0.10 & 0.20 \\\hline\end{array}\end{array}$$
-For a randomly selected consumer,find the following probability: P(E / B).

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Definitions:

Socialization Patterns

The process through which individuals learn and adopt the norms, behaviors, values, and social skills appropriate to their social position.

Messages

Communications or pieces of information conveyed between individuals or groups.

Gender Blind

The practice of not recognizing differences in gender, aiming to treat all people equally without regard to their gender.

Alpha Bias

A tendency to exaggerate differences between men and women or other categories, often leading to stereotypes or overgeneralizations.