Three shopping locations devote 500,1,000,and 2,000 square feet to bathroom vanities.A group of potential customers live 5 minutes from the first location,10 minutes from the second,and 20 minutes from the third.A luggage retailer estimates the effect of travel time to be 2.The probability of consumers shopping at location one is 57 percent.

Question

Quizplus · Accepted Answer

The probability of consumers shopping at location one is given, and there is no information to suggest that it is false. The information given about travel time and its effect on the likelihood of consumers shopping at different locations is not relevant to the question of whether the probability of shopping at location one is true or false.

Three Shopping Locations Devote 500,1,000,and 2,000 Square Feet to Bathroom