Question
1. Given the Concept Rating for a New Wine Cooler Table below, estimate the probability that a randomly selected 21 to49 year oldconsumer: (a) Would
1. Given the Concept Rating for a New Wine Cooler Table below, estimate the probability that a randomly selected 21 to49 year oldconsumer:
(a)Would give the phrase a rating of 5
(b)Would give the phrase a rating of 3 or higher
(c)Is in the 21-24 age group
(d)Is a male who gives the phrase a rating of 4
(e)Is a 35 to49 year oldwho gives the phrase a rating of no more than 2
(f)Based on the probabilities for the ratings of 4 and 5, which age/gender demographic would be the best target audience for the new concept?
RESULTS OF CONCEPT RATING FOR NEW WINE COOLER
Rating of the appeal of the
phrase as it relates to the Gender Age
new wine cooler Total Sample Male Female 21-24 25-34 35-49
Extremely appealing (5) 151 68 83 48 63 40
Somewhat appealing (4) 91 51 40 36 32 23
Neither appealing nor not appealing (3) 36 21 15 9 16 11
Somewhat unappealing (2) 13 7 6 4 6 3
Not at all appealing (1) 9 3 6 4 3 2
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started