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Products “Made in the USA.” “Made in the USA” is a claim stated in many product advertisements or on product labels. Advertisers want consumers to believe that the product is manufactured with 100% U.S. labor and materials- which is often not the case. What does “Made in the USA” mean to the typical consumer? To answer this question, a group of marketing professors conducted an experiment at a shopping mall (Journal of Global Business, Spring 2002). They asked every fourth adult entrant to the mall to participate in the study. A total of 106 shoppers agreed to answer the question, ‘“Made in the USA’ means what percentage of U.S. labor and materials?” The responses of the 106 shoppers are summarized as follows: “100%” (64 shoppers), “75 to 99%” (20 shoppers), “50 to 74%” (18 shoppers), and “less than 50%” (4 shoppers).
- a. What type of data-collection method was used?
- b. What type of variable, quantitative or qualitative, is measured?
- c. Present the data in graphical form. Use the graph to make a statement about the percentage of consumers who believe “Made in the USA” means 100% U.S. labor and materials.
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Chapter 2 Solutions
EBK STATISTICS FOR BUSINESS AND ECONOMI
- Please help me with the following questionarrow_forwardEconomist Michael Nieswiadomy of the University of North Texas collected data on Law School Admittance Test (LSAT) scores for the 12 undergraduate majors listed most often by students hoping to enter law school in the class of 2008-9. The table below gives the scores, as well as the ranking for each of these majors in 2008. Economics majors tied philosophy majors for the highest average score. 333. Table 1.1 LSAT Scores for Students Taking the Exam in 2008 Rank 1 1 3 4 5 6 7 8 9 10 11 12 Major Economics Philosophy Engineering History English Finance Political science Psychology Sociology Communications Business administration Criminal justice Average LSAT Score # of Students 157.4 157.4 156.2 155.9 154.7 153.4 153.0 152.5 150.7 150.5 149.1 145.5 3,047 2,184 2,197 4,166 5,120 2,267 14,964 4,355 1,902 2,230 1,971 3,306 Source: Michael Nieswiadomy, "LSAT Scores of Economics Majors: The 2008-09 Class Update Journal of Economic Education, 41:3 (Summer 2010): 331- Use the scientific method…arrow_forwardIs there any graph that can support this answer?arrow_forward
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- Managerial Economics: A Problem Solving ApproachEconomicsISBN:9781337106665Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike ShorPublisher:Cengage Learning
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