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Question

A market research group conducted a survey of 1000 consumers and reported that 720 consumers like product A and 450 consumers like product B, what is the least number that must have liked both products?

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Solution

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(AB)
n(AB)=n(A)+(B)n(AB)
For least n(AB), n(AB) must be maximum.
n(AB) is maximum when it is equal to number of consumers surveyed.
So, 1000=720+450n(AB)
n(AB)=11701000
n(AB)=170

Final answer:
Least number of consumers who liked both products is 170.

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