wompletes the statement or answers the question Figure 16.1. Use this table with the question(s) below, as needed. Carmelita Diaz is marketing director for Georgia Preserves. The company is test marketing a new peach-orange marmalade. The following responses were collected trom ou people who were offered samples of the new product at a shopping mall with the "I love it! Where can I buy it today?"... I'll probably try it over the next year, sometime."..... I'll probably try it, but only if I have a discount coupon." "I don't like this marmalade......... ......- 127 responses 162 responses 153 responses 58 responses c. What Sunt count at fro .omers trad rice on cale auct jo don odch Use Figure 16.1. Carmelita Diaz had predicted that 300 people would indicate that they would be likely to buy the product between the present time and next year. Determine the absolute error and the relative error. a Absolute, 9; Relative 3.2% c. Absolute, 15, Relative 4.5% b. Absolute, 11; Relative 3.8% d. Absolute, 16; Relative 4.7% 2. At a mall food court 750 teenagers tested Tasty, a new fruit snack. Of these teenagers 267 said they would buy Tasty if it was sold at the mall. Gooey Candy Company, manufacturers of Tasty, estimates that 32,000,000 teenagers regularly go to malls. They also estimate that teenagers would buy Tasty once a week. What is the weekly sales potential? a 10.654,000 c. 80,053,000 b. 11,392,000 d. 456,000,000 3. Lenses Inc. recently introduced SeeLites, a thinner lens for eyeglasses. Of a sample of 800 eyeglass wearers, 246 said they would purchase their next pair of eyeglasses with the new lenses. Lenses Inc. estimates that the number of people who purchase eyeglasses in a year is 1,700,000. Most eyeglass wearers buy one new pair of eyeglasses a year. What is the annual sales potential for the new lenses?! a 197,000 c. 850,250 b. 522,750 d. 1,700,000 WT Sports Store sells approximately 135 outdoor gas grills annually. Overall, in the same town, all outlets for gas grills sell approximately 850 annually. What market share does WT Sports have for gas grills in this town? a. 7.9% c. 15.9% b. 9.2% d. 31.8% 5. Tall Tex Electronics produced a new game software. Sales of this software amounted to approximately $813,000 last year. Total market sales for electronic games of this type amounted to about $17,400,000 last year. What share of the market did Tall Tex Electronics get for this software? c. 8.7%