The local electronics retailer has recently conducted a study on purchasers of large screen televisions.The study recorded the type of television and the credit account balance of the customer at the time of purchase.The following results were obtained: What percentage of the customers with the highest credit balances purchased an LCD television?
A)36.30%
B)5.90%
C)19.60%
D)56.30%
E)16.20%

Question

The local electronics retailer has recently conducted a study on purchasers of large screen televisions.The study recorded the type of television and the credit account balance of the customer at the time of purchase.The following results were obtained:  What percentage of the customers with the highest credit balances purchased an LCD television?
A)36.30% 
B)5.90% 
C)19.60% 
D)56.30% 
E)16.20%

Quizplus · Accepted Answer

Looking at the table, we can see that the highest credit balance range is 1500+. For this range, the total number of customers is 170 and the number of customers who purchased an LCD TV is 10. Thus, the percentage of customers with the highest credit balances who purchased an LCD television is (10/170) x 100 = 5.88%, which rounds up to 5.90%. Therefore, the correct answer is B.

The Local Electronics Retailer Has Recently Conducted a Study on Purchasers