1. The document analyzes household purchasing data from a sample of 100 households, of which 21 purchased a product for the first time and 9.03 purchased a second time in the first 10 months.
2. It examines Americans aged 45-64, who make up 20% of the population. Of the 21 households that made a first purchase, 5.04 were aged 45-64, indicating that age affects willingness to try new products.
3. Several calculations are shown to determine probabilities of purchases based on the sample data.
1. The document analyzes household purchasing data from a sample of 100 households, of which 21 purchased a product for the first time and 9.03 purchased a second time in the first 10 months.
2. It examines Americans aged 45-64, who make up 20% of the population. Of the 21 households that made a first purchase, 5.04 were aged 45-64, indicating that age affects willingness to try new products.
3. Several calculations are shown to determine probabilities of purchases based on the sample data.
1. The document analyzes household purchasing data from a sample of 100 households, of which 21 purchased a product for the first time and 9.03 purchased a second time in the first 10 months.
2. It examines Americans aged 45-64, who make up 20% of the population. Of the 21 households that made a first purchase, 5.04 were aged 45-64, indicating that age affects willingness to try new products.
3. Several calculations are shown to determine probabilities of purchases based on the sample data.