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1. A consulting firm that surveyed consumers' holiday shopping behavior found that the percentage of consumers from the U.S., Canada, and China who said that

1. A consulting firm that surveyed consumers' holiday shopping behavior found that the percentage of consumers from the U.S., Canada, and China who said that they planned to spend more on holiday shopping were 40%, 34% and 73%, respectively. The survey also found that the percentage of consumers from the U.S., Canada, and China who said that they were willing to share personal information with retailers in order to receive personalized offers from retailers were 55%, 46% and 72%, respectively. Suppose you randomly select 5 consumers from each of the three countries.

The probability that all 5 consumers from the U.S. plan to spend more on holiday shopping is ________.

Answer is 0.0102

2. A consulting firm that surveyed consumers' holiday shopping behavior found that the percentage of consumers from the U.S., Canada, and China who said that they planned to spend more on holiday shopping were 40%, 34% and 73%, respectively. The survey also found that the percentage of consumers from the U.S., Canada, and China who said that they were willing to share personal information with retailers in order to receive personalized offers from retailers were 55%, 46% and 72%, respectively. Suppose you randomly select 5 consumers from each of the three countries.

The probability that none of the 5 consumers from the U.S. plan to spend more on holiday shopping is ________.

Answer is 0.0778

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