q21 ### Survey on Consumer Buying DecisionsA survey of 2,645 consumers conducted by DDB Needham Worldwide revealed insights into the factors influencing consumer buying decisions. Here are the key findings:- **Handling Crises**: 73% of consumers stated that how a company handles a crisis when at fault influences their buying decisions.- **Quality of Product**: This was identified as the top influence, with 96% of consumers claiming it affects their decisions.- **Handling Complaints**: This was the second most significant factor, with 85% reporting it as influential.Suppose a random sample of 1,100 consumers is taken, and each is asked which of these three factors affect their buying decisions.#### Probability Calculations1. **Handling Crises Influence**: - **Question**: 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? - **Instructions**: Round the values of z to 2 decimal places (e.g., 0.75). Round intermediate values to 4 decimal places (e.g., 0.7589). Round the final answer to 4 decimal places.2. **Quality Influence**: - **Question**: What is the probability that fewer than 1,030 consumers claim that the quality of a product is an influence in their buying decisions? - **Instructions**: Round the values of z to 2 decimal places (e.g., 0.75). Round intermediate values to 4 decimal places (e.g., 0.7589). Round your answer to 5 decimal places.3. **Handling Complaints Influence**: - **Question**: 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? - **Instructions**: Round the values of z to 2 decimal places (e.g., 0.75). Round intermediate values to 4 decimal places (e.g., 0.7589). Round your answer to 4 decimal places.Please use these guidelines to compute the probabilities based on the survey data.

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Answered: q21 | bartleby

q21

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...