Plan to Buy
Intentions of Consumers Regarding Future Automobile Purchases

question 159

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(A and D).

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Definitions:

Core Business Potential

The inherent capabilities or opportunities within a company's primary business areas that can be optimized for growth and profitability.

Learning Potential

The capability of individuals or organizations to acquire, apply, and adapt knowledge and skills in various contexts for improvement.

Cross-Selling Potential

The ability to sell additional products or services to existing customers by understanding their needs and preferences.

Product Marketing Costs

Expenses associated with promoting and selling a product, including advertising, distribution, and sales personnel expenses.