question archive Based on a survey, consumers are divided into three segments (optimistic, cautious, and hunkered-down) based on their financial situation, current spending behavior, and economic outlook
Based on a survey, consumers are divided into three segments (optimistic, cautious, and hunkered-down) based on their financial situation, current spending behavior, and economic outlook
Subject:EconomicsPrice: Bought3
Based on a 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: GENDER CONSUMER SEGMENT Male Female Total Optimistic 26 16 42 Cautious 41 43 84 Hunkered-down 33 41 74 Total 100 100 200 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?
