The 2012 Restaurant Industry Forecast takes a closer look at today's consumers. Based on a 2011 National

Question:

The 2012 Restaurant Industry Forecast takes a closer look at today's consumers. Based on a 2011 National Restaurant Association survey, consumers are divided into three segments (optimistic, cautious, and hunkered-down) based on their financial situation, current spending behavior, and economic outlook. Suppose the results, based on a sample of 100 males and 100 females, were as follows:
The 2012 Restaurant Industry Forecast takes a closer look at

If a consumer is selected at random, what is the probability that he or she
a. Is classified as cautious?
b. Is classified as optimistic or cautious?
c. Is a male or is classified as hunkered-down?
d. Is a male and is classified as hunkered-down?
e. Given that the consumer selected is a female, what is the probability that she is classified as optimistic?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Statistics For Managers Using Microsoft Excel

ISBN: 772

7th Edition

Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat

Question Posted: