Question: [ Use the following information for this question. ] You run a tea business and decide to use conjoint analysis to determine consumer preferences. You
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 weak, strong Origin of the tea Foreign Country, United States and Flavor Unflavored, Flavored You get the following output:
Coefficients
Standard Error
t Stat
Pvalue
Intercept
Strength of Tea
Origin of Tea
Flavor of Tea
According to the output, which is true?
Question options:
Consumers prefer strong teas
Consumers prefer teas from foreign countries
Consumers prefer unflavored teas
Consumers prefer tea from the United States
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