Question 1. Sparkling Beverage Marketing Study [15] In a recent market research study, a beverage company conducted a survey to assess consumer reactions to a new sparkling beverage. The study involved 300 participants aged between 21 and 49, who were randomly selected to ensure a representative sample. After trying the new drink, participants were asked to rate the appeal of the phrase: "Not as sweet as sodas, not as heavy as energy drinks, and more refreshing than juice or tea" Participants rated the phrase on a scale from 1 to 5, with 5 meaning "extremely appealing" and 1 meaning "not at all appealing." The summarized results of the study are shown in the table below: Gender Age Group Rating Total Male Female 21-24 25-34 35-49 Extremely appealing (5) 151 68 83 48 66 37 Very appealing (4) 91 51 40 36 36 19 Moderately appealing (3) 36 21 15 9 12 15 Slightly appealing (2) 13 7 6 4 6 3 Not at all appealing (1) 9 3 6 4 3 2 Given the data from the Marketing Study, 1. Estimate the probability that a randomly selected consumer aged 21 to 49: a) Would rate the phrase as extremely appealing (a rating of 5). [1] b) Would rate the phrase as moderately appealing or higher (a rating of 3 or more). [1] 2. Estimate the probability that a randomly selected consumer aged 21 to 49: a) Is in the 21-24 age group. [1] b) Is in the 25-34 age group. [1] c) Is in the 35-49 age group. [1] 3. Estimate the probability that a randomly selected consumer aged 21 to 49: a) Is a male who rates the phrase as very appealing (a rating of 4). [1] b) Is in the 35-49 age group and rates the phrase as not at all appealing (a rating of 1). [1] c) Is in the 25-49 age range and rates the phrase as extremely appealing (a rating of 5). [1] 4. Estimate the probability that a randomly selected consumer aged 21 to 49: a) Would rate the phrase as very appealing or extremely appealing (a rating of 4 or 5) given that the consumer is male. Do the same for female consumers. Based on these results, analyze whether there is a significant difference in the appeal of the phrase between males and females. [3] b) Would rate the phrase as very appealing or extremely appealing (a rating of 4 or 5) given that the consumer is in: i. The 21-24 age group. [1] ii. The 25-34 age group. [1] iii. The 35-49 age group. [1] Based on these results, determine which age group finds the phrase most appealing and which finds it least appealing. [1]
Question 1. Sparkling Beverage Marketing Study [15] In a recent market research study, a beverage company conducted a survey to assess consumer reactions to a new sparkling beverage. The study involved 300 participants aged between 21 and 49, who were randomly selected to ensure a representative sample. After trying the new drink, participants were asked to rate the appeal of the phrase: "Not as sweet as sodas, not as heavy as energy drinks, and more refreshing than juice or tea" Participants rated the phrase on a scale from 1 to 5, with 5 meaning "extremely appealing" and 1 meaning "not at all appealing." The summarized results of the study are shown in the table below: Gender Age Group Rating Total Male Female 21-24 25-34 35-49 Extremely appealing (5) 151 68 83 48 66 37 Very appealing (4) 91 51 40 36 36 19 Moderately appealing (3) 36 21 15 9 12 15 Slightly appealing (2) 13 7 6 4 6 3 Not at all appealing (1) 9 3 6 4 3 2 Given the data from the Marketing Study, 1. Estimate the probability that a randomly selected consumer aged 21 to 49: a) Would rate the phrase as extremely appealing (a rating of 5). [1] b) Would rate the phrase as moderately appealing or higher (a rating of 3 or more). [1] 2. Estimate the probability that a randomly selected consumer aged 21 to 49: a) Is in the 21-24 age group. [1] b) Is in the 25-34 age group. [1] c) Is in the 35-49 age group. [1] 3. Estimate the probability that a randomly selected consumer aged 21 to 49: a) Is a male who rates the phrase as very appealing (a rating of 4). [1] b) Is in the 35-49 age group and rates the phrase as not at all appealing (a rating of 1). [1] c) Is in the 25-49 age range and rates the phrase as extremely appealing (a rating of 5). [1] 4. Estimate the probability that a randomly selected consumer aged 21 to 49: a) Would rate the phrase as very appealing or extremely appealing (a rating of 4 or 5) given that the consumer is male. Do the same for female consumers. Based on these results, analyze whether there is a significant difference in the appeal of the phrase between males and females. [3] b) Would rate the phrase as very appealing or extremely appealing (a rating of 4 or 5) given that the consumer is in: i. The 21-24 age group. [1] ii. The 25-34 age group. [1] iii. The 35-49 age group. [1] Based on these results, determine which age group finds the phrase most appealing and which finds it least appealing. [1]
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ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
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![Question 1. Sparkling Beverage Marketing Study [15]
In a recent market research study, a beverage company conducted a survey to assess consumer reactions to
a new sparkling beverage. The study involved 300 participants aged between 21 and 49, who were randomly
selected to ensure a representative sample. After trying the new drink, participants were asked to rate the
appeal of the phrase:
"Not as sweet as sodas, not as heavy as energy drinks, and more refreshing than juice or tea"
Participants rated the phrase on a scale from 1 to 5, with 5 meaning "extremely appealing" and 1 meaning
"not at all appealing." The summarized results of the study are shown in the table below:
Gender
Age Group
Rating
Total
Male
Female
21-24
25-34
35-49
Extremely appealing (5)
151
68
83
48
66
37
Very appealing (4)
91
51
40
36
36
19
Moderately appealing (3)
36
21
15
9
12
15
Slightly appealing (2)
13
7
6
4
6
3
Not at all appealing (1)
9
3
6
4
3
2
Given the data from the Marketing Study,
1. Estimate the probability that a randomly selected consumer aged 21 to 49:
a) Would rate the phrase as extremely appealing (a rating of 5). [1]
b) Would rate the phrase as moderately appealing or higher (a rating of 3 or more). [1]
2. Estimate the probability that a randomly selected consumer aged 21 to 49:
a) Is in the 21-24 age group. [1]
b) Is in the 25-34 age group. [1]
c) Is in the 35-49 age group. [1]
3. Estimate the probability that a randomly selected consumer aged 21 to 49:
a) Is a male who rates the phrase as very appealing (a rating of 4). [1]
b) Is in the 35-49 age group and rates the phrase as not at all appealing (a rating of 1). [1]
c) Is in the 25-49 age range and rates the phrase as extremely appealing (a rating of 5). [1]
4. Estimate the probability that a randomly selected consumer aged 21 to 49:
a) Would rate the phrase as very appealing or extremely appealing (a rating of 4 or 5) given that the
consumer is male. Do the same for female consumers. Based on these results, analyze whether there
is a significant difference in the appeal of the phrase between males and females. [3]
b) Would rate the phrase as very appealing or extremely appealing (a rating of 4 or 5) given that the
consumer is in:
i. The 21-24 age group. [1]
ii. The 25-34 age group. [1]
iii. The 35-49 age group. [1]
Based on these results, determine which age group finds the phrase most appealing and which finds
it least appealing. [1]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F05acd15b-51d2-45ba-9f99-c4050dd94a79%2F08447eea-16b0-4383-8685-7398d3c3b11d%2Fyd7hytfg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 1. Sparkling Beverage Marketing Study [15]
In a recent market research study, a beverage company conducted a survey to assess consumer reactions to
a new sparkling beverage. The study involved 300 participants aged between 21 and 49, who were randomly
selected to ensure a representative sample. After trying the new drink, participants were asked to rate the
appeal of the phrase:
"Not as sweet as sodas, not as heavy as energy drinks, and more refreshing than juice or tea"
Participants rated the phrase on a scale from 1 to 5, with 5 meaning "extremely appealing" and 1 meaning
"not at all appealing." The summarized results of the study are shown in the table below:
Gender
Age Group
Rating
Total
Male
Female
21-24
25-34
35-49
Extremely appealing (5)
151
68
83
48
66
37
Very appealing (4)
91
51
40
36
36
19
Moderately appealing (3)
36
21
15
9
12
15
Slightly appealing (2)
13
7
6
4
6
3
Not at all appealing (1)
9
3
6
4
3
2
Given the data from the Marketing Study,
1. Estimate the probability that a randomly selected consumer aged 21 to 49:
a) Would rate the phrase as extremely appealing (a rating of 5). [1]
b) Would rate the phrase as moderately appealing or higher (a rating of 3 or more). [1]
2. Estimate the probability that a randomly selected consumer aged 21 to 49:
a) Is in the 21-24 age group. [1]
b) Is in the 25-34 age group. [1]
c) Is in the 35-49 age group. [1]
3. Estimate the probability that a randomly selected consumer aged 21 to 49:
a) Is a male who rates the phrase as very appealing (a rating of 4). [1]
b) Is in the 35-49 age group and rates the phrase as not at all appealing (a rating of 1). [1]
c) Is in the 25-49 age range and rates the phrase as extremely appealing (a rating of 5). [1]
4. Estimate the probability that a randomly selected consumer aged 21 to 49:
a) Would rate the phrase as very appealing or extremely appealing (a rating of 4 or 5) given that the
consumer is male. Do the same for female consumers. Based on these results, analyze whether there
is a significant difference in the appeal of the phrase between males and females. [3]
b) Would rate the phrase as very appealing or extremely appealing (a rating of 4 or 5) given that the
consumer is in:
i. The 21-24 age group. [1]
ii. The 25-34 age group. [1]
iii. The 35-49 age group. [1]
Based on these results, determine which age group finds the phrase most appealing and which finds
it least appealing. [1]
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