Question: QUESTION 25 [Use the following information for this question. ] You run a tea business and decide to use conjoint analysis to determine consumer preferences.
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QUESTION 25 [Use the following information for this question. ] You run a tea business and decide to use conjoint analysis to determine consumer preferences. You choose three attributes: Strength of the tea (0=weak, 1=strong), Origin of the tea (0=Foreign Country, 1=United States), and Flavor (0=Unflavored, 1=Flavored). You get the following output: Coefficients Standard t Stat P- Error value Intercept 2.25 0.829 2.713 0.053 Strength -0.5 0.829 0.01 0.542 of Tea Origin of -2 0.829 -0.72 0.024 Tea Flavor of 3 0.829 0.98 0.022 Tea According to the output, which attributes do consumers seem to care about? O Origin of tea and flavor of tea O Flavor of tea only O Strength of tea only consumers do not care about any of the attributes strength of tea and origin of tea
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