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Author Question: What two things does the educational level of a country suggest to marketers? How do marketers use ... (Read 91 times)

vicotolentino

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on: Jun 29, 2018
What two things does the educational level of a country suggest to marketers? How do marketers use information about a nation's educational level?

Question 2

Suppose that you wanted to determine the regression line that would use average family income (000) as the X-variable to predict the average number of video rentals per day in your Blockbuster shop as the Y-variable for households within a 2-mile radius of your store. In a previous study in a similar demographic area, the regression equation was:Y = 7.61 + 11.09 XHow many rentals per day would you expect for an average household income of 50,000?
 a. 438
 b. 562
 c. 612
 d. 259


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stano32

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Reply #1 on: Jun 29, 2018
Answer to Question 1

The educational level of a country suggests two main things to marketers. First, an educated workforce makes it easier for an international company to expand into a market. Second, individuals with higher educational levels are more likely to purchase the same types of products. Educational level can be a strong marketing segmentation tool.

Answer to Question 2

b


vicotolentino

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

xiazhe

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Reply 3 on: Yesterday
Excellent

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