Greenbell Software Inc. conducted a study on its smartphone products in the market to determine which phone
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Question:
Greenbell Software Inc. conducted a study on its smartphone products in the market to determine which phone has the best! features in terms of three prominent attributes: operating system of the phone (A or B), RAM (512MB or 1GB), and the rear camera specifications (3MP, SMP, or 7MP). A sample of eight customers participated in the study and provided the following part-worths for each of the above attributes.
Operation Sytem | RAM | Camera | |||||
Consumers | A | B | 512 MB | 1 GB | 3 MP | 5 MP | 7 MP |
1 | 25 | 29 | 20 | 45 | 18 | 18 | 15 |
2 | 35 | 32 | 30 | 35 | 27 | 19 | 13 |
3 | 45 | 35 | 30 | 30 | 15 | 25 | 30 |
4 | 55 | 65 | 25 | 45 | 25 | 20 | 35 |
5 | 40 | 40 | 35 | 40 | 20 | 25 | 30 |
6 | 30 | 47 | 40 | 35 | 15 | 20 | 15 |
7 | 35 | 45 | 30 | 30 | 20 | 20 | 20 |
8 | 25 | 25 | 25 | 30 | 25 | 30 | 30 |
Assume the overall utility (sum of part-worths) of the current favorite Greenbell smartphone for customers 1 to 5 is 105 and customers 6 to 8 is 90. What new product design will maximize the share of choice for the eight consumers in the sample?
Related Book For
Statistical Techniques in Business and Economics
ISBN: 978-0078020520
16th edition
Authors: Douglas Lind, William Marchal
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