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Customers were surveyed to assess their intent to purchase a product. An analyst divided the customers into groups defined by the company's pre-assigned market segments and tested for difference in the customers' average intent to purchase. The following is the output from the GLM procedure:
What percentage of customers' intent to purchase is explained by market segment?
Click the calculator button to display a calculator if needed.
Suggested Answer: D
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11 comments · newest first
MA
Maryln
12 months ago
Just to clarify, is that 76% from the GLM output?
LA
Lavonda
12 months ago
Totally agree, market segments really do influence buying intent!
MI
Micah
1 year ago
Wait, 76%? That seems way too high.
CH
Christiane
1 year ago
That’s a solid percentage, definitely makes sense.
AD
Adaline
1 year ago
Looks like market segment explains 76% of intent!
RI
Rickie
1 year ago
I feel like 65% could be a reasonable estimate based on what we discussed in class about market segmentation impacts.
AN
Anthony
1 year ago
If I remember correctly, a higher percentage like 76% would indicate a strong relationship, but I'm not sure if that's the right choice here.
DE
Delsie
1 year ago
I remember a practice question where we had to interpret similar output, but I can't recall the exact percentage that was explained.
ME
Meghan
1 year ago
I think we might need to look at the R-squared value from the GLM output to determine how much variance is explained by the market segment.
BE
Bettina
1 year ago
Finding a vendor to provide additional services for the affected individuals is an interesting approach, but I'd want to make sure it's truly beneficial and not just a way to shift blame or responsibility.
CA
Carli
1 year ago
Okay, let's see. This looks like a question about setting up LDAP authentication and automounting home directories. I'll need to configure the LDAP server, create the LDAP users, and set up autofs to automatically mount their home directories. I think I can handle this, but I'll need to be careful to follow the requirements exactly.