Use the conjoint analysis output shown below Attribute Level Utility t-value Price 23000 2.1 14 25000
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Question:
- Use the conjoint analysis output shown below
Attribute | Level | Utility | t-value |
Price | 23000 | 2.1 | 14 |
| 25000 | 1.15 | 7.67 |
| 27000 | -1.56 | 10.4 |
| 29000 | -1.69 | 11.27 |
Brand | Toyota | 0.75 | 5 |
| Volkswagen | 0.65 | 4.33 |
| Saturn | -0.13 | 0.87 |
| Kia | -1.27 | 8.47 |
HP | 220HP | -2.24 | 14.93 |
| 250HP | 1.06 | 7.07 |
| 280HP | 1.18 | 7.87 |
Upholstery | Cloth | -1.6 | 10.67 |
| Leather | 1.6 | 10.67 |
Sunroof | Yes | 0.68 | 4.53 |
| No | -0.68 | 4.53 |
Assume the consideration set for a segment of consumers consists of the following profiles:
Profiles | Brand | Price | HP | Upholstery | Sunroof |
1 | Toyota | 27000 | 250HP | Cloth | No |
2 | Volkswagen | 29000 | 280HP | Leather | No |
3 | Kia | 23000 | 220HP | Cloth | No |
4 | Saturn | 23000 | 220HP | Cloth | No |
- What is the expected market share in this segment for the Toyota, $27000, 250HP, cloth interior, no sunroof profile?
- What is the expected market share in this segment for the Volkswagen, $29000, 280HP, leather interior, no sunroof profile?
Related Book For
Understanding Basic Statistics
ISBN: 9781111827021
6th Edition
Authors: Charles Henry Brase, Corrinne Pellillo Brase
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