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A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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A survey of 2,645 consumers by DDB Needham Worldwide showed that how a company handles a crisis when at fault is one of the top influences in consumer buying decisions, with 73% claiming it is an influence. Quality of product was the number one influence, with 96% of consumers stating that quality influences their buying decisions. How a company handles complaints was number two, with 85% of consumers reporting it as an influence in their buying decisions. Suppose a random sample of 1,100 consumers is taken and each is asked which of these three factors influence their buying decisions. What is the probability that more than 860 consumers claim that how a company handles a crisis when at fault is an influence in their buying decisions? (Round the values of z to 2 decimal places, e.g. 0.75. Round the intermediate values to 4 decimal places, e.g. 0.7589. Round your answer to 4 decimal places, e.g. 0.7589.) What is the probability that fewer than 1,030 consumers claim that quality of product is an influence in their buying decisions? (Round the values of z to 2 decimal places, e.g. 0.75. Round the intermediate values to 4 decimal places, e.g. 0.7589. Round your answer to 5 decimal places, e.g. 0.75289.) What is the probability that between 82% and 83% of consumers claim that how a company handles complaints is an influence in their buying decisions? (Round the values of z to 2 decimal places, e.g. 0.75. Round your answer to 4 decimal places, e.g. 0.7589.)
Transcribed Image Text:A survey of 2,645 consumers by DDB Needham Worldwide showed that how a company handles a crisis when at fault is one of the top influences in consumer buying decisions, with 73% claiming it is an influence. Quality of product was the number one influence, with 96% of consumers stating that quality influences their buying decisions. How a company handles complaints was number two, with 85% of consumers reporting it as an influence in their buying decisions. Suppose a random sample of 1,100 consumers is taken and each is asked which of these three factors influence their buying decisions. What is the probability that more than 860 consumers claim that how a company handles a crisis when at fault is an influence in their buying decisions? (Round the values of z to 2 decimal places, e.g. 0.75. Round the intermediate values to 4 decimal places, e.g. 0.7589. Round your answer to 4 decimal places, e.g. 0.7589.) What is the probability that fewer than 1,030 consumers claim that quality of product is an influence in their buying decisions? (Round the values of z to 2 decimal places, e.g. 0.75. Round the intermediate values to 4 decimal places, e.g. 0.7589. Round your answer to 5 decimal places, e.g. 0.75289.) What is the probability that between 82% and 83% of consumers claim that how a company handles complaints is an influence in their buying decisions? (Round the values of z to 2 decimal places, e.g. 0.75. Round your answer to 4 decimal places, e.g. 0.7589.)
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