A company started and managed by business students is selling campus calendars. The students have conducted a
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A company started and managed by business students is selling campus calendars. The students have conducted a market survey with the various campus constituents to determine sales potential and identify which market segments should be targeted. (Should they advertise in the Alumni Magazine and/or the local newspaper?) The following table shows the results of the market survey.
a) What percent of all these respondents are alumni?
b) What percent of these respondents are very likely to buy the calendar?
c) What percent of the respondents who are very likely to buy the calendar are alumni?
d) Of the alumni, what percent are very likely to buy the calendar?
e) What is the marginal distribution of the campus constituents?
f) What is the conditional distribution of the campus constituents among those very likely to buy the calendar?
g) Does this study present any evidence that this company should focus on selling to certain campus constituents?
Distribution The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Transcribed Image Text:
Buying Likelihood Moderately Very Unlikely Likely Students Faculty/Staff Alumni Town Residents Total 197 103 20 13 388 137 18 58 601 Likely Total 905 338 56 116 481 1415 320 98 18 45
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a 40 561415 b 34 4811415 c 37 18481 d 321 1856 e Marginal Distributions total of the categories Stu...View the full answer
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