Scenario Mark has chosen to live off-campus next semester, and he must find transportation to...
70.2K
Verified Solution
Question
Finance
Scenario
Mark has chosen to live off-campus next semester, and he must find transportation to get him to classes and back to his new apartment. He has enough money to buy either an old four-door sedan or a used motorcycle. Assume that Mark has answered the questions on the following questionnaire in the manner shown:
Please place an X on each of the scales to reflect your level of agreement or disagreement with the following statements:
1. It is important to me that my transportation is comfortable through all four seasons.
2. I believe that if I buy the motorcycle I will have comfortable transportation through all four seasons.
3. I believe that if I buy the car I will have comfortable transportation through all four seasons.
4. It is important to me that I not waste a lot of time searching for parking spaces on campus.
5. I believe that if I buy the motorcycle I will be able to easily find parking places on campus.
6. I believe that if I buy the car I will be able to easily find parking places on campus.
7. It is important to me to be able to transport my roommates to campus and back.
8. I believe that if I buy the motorcycle I will be able to transport my roommates.
9. I believe that if I buy the car I will be able to transport my roommates.
10. It is important to me to go along with what my parents want me to do.
11. I believe that my parents want me to buy the motorcycle.
12. I believe that my parents want me buy the car.
13. It is important to me to go along with what my friends want me to do.
14. I believe that my friends want me to buy the motorcycle.
15. I believe that my friends want me to buy the car.
The formula for the Theory of Reasoned Action (TORA) is as follows:
BI =w1 [A(act)] + w2 [SN(act)]
BI= Behavioral Intent
w1 and w2= weights (typically these are previously determined)
A (act)=Attitude toward an action (e.g., purchase)
SN (act) = Subjective Normm
where:
Bi = Belief that an action (e.g., purchase) will lead to a consequence i
Ei1= Evaluation of importance/desirability of consequence
i = Consequences 1,2,...m
where:
NBj= Belief that a reference group (j) wants you to perform a certain action (e.g., purchase)
MCj=Motivation to comply with reference group
j = Reference groups 1,2,..n
In similar studies, it has been found that the Attitude Toward the Act component is a slightly more important determinant of Behavioral Intent than is the Subjective Norm component. Therefore, wl is set at 0.6 and w2 is set at 0.4.
Consequences (m = 3):
1. Having comfortable transportation through all four seasons.
2. Having the ability to easily find parking spaces.
3. Having the ability to transport roommates.
Reference Groups (n = 2):
1. Parents.
2. Friends.
Task
Please use the TORA formula, the preceding information regarding wl and w2, and Mark's questionnaire answers to calculate his Behavioral Intent toward each of the two options: BI(buying the motorcycle) and BI(buying the car).
Show all of your work, and discuss the implications of your results, including a discussion of the A(act) and SN results for each purchase option, as well as your prediction of which purchase Mark will make.
Hint: You may want to begin by identifying the type of information each of the items on the questionnaire is designed to gather: B, E, NB, or MC.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.