Question: In the Table 1 below are the correlation analysis results between 4 household demographic variables and households' preference weights for 3 product attributes. Household Demographic

In the Table 1 below are the correlation analysis

In the Table 1 below are the correlation analysis results between 4 household demographic variables and households' preference weights for 3 product attributes. Household Demographic Variable Preference Weights of Households for Attribute 1 Attribute 2 Attribute 3 Size of household -0.82 0.74 0.62 Annual income of household 0.77 -0.75 0.71 Age of household head -0.68 0.64 -0.65 Number of school-age children in household -0.73 0.62 -0.81 4. Based on the above information in Table 1, please choose which one of the following statements is correct. A. Larger the household size, more important is Attribute I to the household. B. Larger the annual income of household, more important is Attribute 1 to the household. C. Older the household head, more important is Attribute 1 to the household. D. Larger the number of school-age children in household, more important is Attribute 1 to the household E. All (A, B, C & D) the above are correct. 5. Based on the above information in Table 1, please choose which one of the following statements is correct. A. Smaller the household size, less important is Attribute 2 to the household. B. Larger the annual income of household, more important is Attribute 2 to the household. C. Older the household head, less important is Attribute 2 to the household. D. Smaller the number of school-age children in household, more important is Attribute 2 to the household E. All (A, B, C & D) the above are correct. 6. Based on the above information in Table 1, please choose which one of the following statements is correct. A. Larger the household size, less important is Attribute 3 to the household. B. Larger the annual income of household, less important is Attribute 3 to the household. C. Older the household head, less important is Attribute 3 to the household. D. Larger the number of school-age children in household, more important is Attribute 3 to the household E. All (A, B, C & D) the above are correct

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