Step 1: Given data:
Total number of consumers surveyed =1000
Number of consumers who like product A=n(A)=720
Number of consumers who like product B=n(B)=450
Step 2: Solve for n(A∩B)
∵n(A∪B)=n(A)+(B)−n(A∩B)
For least n(A∩B), n(A∩B) must be maximum.
n(A∪B) is maximum when it is equal to number of consumers surveyed.
So, 1000=720+450−n(A∩B)
⇒n(A∩B)=1170−1000
⇒n(A∩B)=170
Final answer:
Least number of consumers who liked both products is 170.