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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?
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Suggested Answer: D
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20 comments · newest first
LA
Lashaun
23 days ago
Good idea, clarity is key here.
GE
Georgene
28 days ago
Let’s check the GLM output again.
KI
Kimberely
1 month ago
I’d go with 76% if the data supports it.
LA
Lashaun
1 month ago
Still, 35% feels too low for market segments.
GE
Georgene
1 month ago
True, that could push it higher.
KI
Kimberely
2 months ago
But what if the segments are really distinct?
LA
Lashaun
2 months ago
I agree, 65% shows a strong correlation.
GE
Georgene
2 months ago
I feel like 65% is more realistic.
KI
Kimberely
2 months ago
76% seems high, but could be right.
LA
Lashaun
2 months ago
I think it's about understanding the segments.
GE
Georgene
2 months ago
This question is tricky.
LI
Lizette
3 months ago
I disagree, it can't be less than 35% based on the data.
CA
Carry
3 months ago
Definitely C) 65%, that's a solid number.
ME
Melissa
3 months ago
Wait, only 0.01%? That's surprising!
SU
Suzi
3 months ago
That seems way too high, I'm leaning towards B) 35%.
MA
Maryann
3 months ago
I think it's D) 76%!
LO
Loreen
4 months ago
I feel like I’ve seen similar questions before, and I think 65% is a common threshold for significance in these types of analyses. But I’m not confident about this one.
EU
Eugene
4 months ago
I’m a bit confused about how to read the output. Does a higher percentage mean the market segment is more significant?
KI
Kizzy
4 months ago
I remember a practice question where we had to determine the percentage explained by different factors. I think if the R-squared is around 0.76, that would mean 76% is explained by the market segment.
CL
Claudia
4 months ago
I think the R-squared value in the output shows how much variance is explained, but I'm not entirely sure how to interpret it in this context.