1. The owner of a ski resort two hours outside Boston, Massachusetts, is interested in serving the needs of the “tween" population (children aged 8 to 12 years old). He believes that tween spending power has grown over the past few years, and he wants their skiing experience to be memorable so that they want to return. At the end of last year's ski season, he asked 20 tweens the following four questions. a. On your car drive to the resort, which music streaming service was playing? b. On a scale of 1 to 4, rate the quality of the food at the resort (where 1 is poor, 2 is fair, 3 is good, and 4 is excellent). c. Presently, the main dining area closes at 3:00 pm. What time do you think it should close? d. How much of your own money did you spend at the lodge today? Question 3 4 5:00pm 2 5:00pm 2 4:30pm 3 4:00pm Tween Question 1 Question 2 Question 4 1 Apple Music 2 Pandora 3 Spotify 4 Apple Music 5 Spotify 6 Apple Music 7 Spotify 8 Spotify 20 10 10 1 3:30pm 1 6:00pm 2 6:00pm 3 5:00pm 2 4:30pm 3 4:30pm 3 3:00pm 4 4:00pm 2 4:30pm 2 5:00pm 3 4:00pm 3 6:00pm 2 5:00pm 4 6:00pm 1 5:00pm 25 15 10 9 Spotify 10 10 Spotify 11 Apple Music 12 Apple Music 13 Spotify 14 Spotify 15 Spotify 16 Apple Music 17 Spotify 20 10 5 20 15 18 Pandora 15 19 Spotify 20 Spotify 25 2 4:30pm 10 O n n O
1. The owner of a ski resort two hours outside Boston, Massachusetts, is interested in serving the needs of the “tween" population (children aged 8 to 12 years old). He believes that tween spending power has grown over the past few years, and he wants their skiing experience to be memorable so that they want to return. At the end of last year's ski season, he asked 20 tweens the following four questions. a. On your car drive to the resort, which music streaming service was playing? b. On a scale of 1 to 4, rate the quality of the food at the resort (where 1 is poor, 2 is fair, 3 is good, and 4 is excellent). c. Presently, the main dining area closes at 3:00 pm. What time do you think it should close? d. How much of your own money did you spend at the lodge today? Question 3 4 5:00pm 2 5:00pm 2 4:30pm 3 4:00pm Tween Question 1 Question 2 Question 4 1 Apple Music 2 Pandora 3 Spotify 4 Apple Music 5 Spotify 6 Apple Music 7 Spotify 8 Spotify 20 10 10 1 3:30pm 1 6:00pm 2 6:00pm 3 5:00pm 2 4:30pm 3 4:30pm 3 3:00pm 4 4:00pm 2 4:30pm 2 5:00pm 3 4:00pm 3 6:00pm 2 5:00pm 4 6:00pm 1 5:00pm 25 15 10 9 Spotify 10 10 Spotify 11 Apple Music 12 Apple Music 13 Spotify 14 Spotify 15 Spotify 16 Apple Music 17 Spotify 20 10 5 20 15 18 Pandora 15 19 Spotify 20 Spotify 25 2 4:30pm 10 O n n O
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:1. The owner of a ski resort two hours outside Boston, Massachusetts, is interested in
serving the needs of the “tween" population (children aged 8 to 12 years old). He believes
that tween spending power has grown over the past few years, and he wants their skiing
experience to be memorable so that they want to return. At the end of last year's ski
season, he asked 20 tweens the following four questions.
a. On your car drive to the resort, which music streaming service was playing?
b. On a scale of 1 to 4, rate the quality of the food at the resort (where 1 is poor, 2 is fair, 3
is good, and 4 is excellent).
c. Presently, the main dining area closes at 3:00 pm. What time do you think it should
close?
d. How much of your own money did you spend at the lodge today?
Question 3
4 5:00pm
2 5:00pm
2 4:30pm
Tween
Question 1
Question 2
Question 4
1 Apple Music
2 Pandora
3 Spotify
4 Apple Music
5 Spotify
6 Apple Music
7 Spotify
8 Spotify
20
10
10
3 4:00pm
1 3:30pm
1 6:00pm
2 6:00pm
3 5:00pm
2 4:30pm
3 4:30pm
3 3:00pm
4 4:00pm
2 4:30pm
2 5:00pm
3 4:00pm
3 6:00pm
2 5:00pm
4 6:00pm
1 5:00pm
2 4:30pm
25
15
10
9 Spotify
10
10 Spotify
11 Apple Music
12 Apple Music
13 Spotify
14 Spotify
15 Spotify
16 Apple Music
17 Spotify
20
10
5
20
15
18 Pandora
15
19 Spotify
20 Spotify
25
10
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