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Question

Suppose a market survey of 200 consumers was conducted to determine the likelihood of each consumer purchasing a new computer next year. The data were collected based on the income level of the consumer and are shown below:
Age BracketIntent to Purchase

Computer within 1 year
<2554
25-3457
35-4449
45-5429
>5511
Total Surveyed200

Using the table above, which of the following statements is true?
a. Wealthier consumers are more likely to purchase a computer next year.
b. Income does not seem to be related to likelihood of purchasing a computer next year.
c. The wealthier a consumer is the less likely they are to purchase a computer next year.
d. Individuals with greater than $120K are least likely to purchase a new computer next year.
e. None of the above statements are true.

Answer

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