Plan to Buy
Intentions of Consumers Regarding Future Automobile Purchases

question 22

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 / D).

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Definitions:

Negative Message

Communication that conveys rejection, denial, or a disappointing outcome.

Bad News Memos

Memos designed to deliver unfavorable news or decisions in a manner that aims to preserve positive relationships and minimize negative reactions.

Superiors

Individuals who hold a higher rank or position of authority in a hierarchical structure, often within an organization or workplace.

Peers

Individuals who are at the same level or rank within an organization or society, or who share a particular age, background, or status.