Customer Preference Analysis

Very Hard Data Sufficiency Analyzing Information

A company's sales team conducted a survey to understand customer preferences regarding their three product lines: electronics, apparel, and home goods.

They want to determine if at least 50% of customers prefer electronics over the other two categories.

Statement (1): In the survey, 120 out of 200 respondents indicated they prefer electronics.

Statement (2): Among the respondents, 30% preferred apparel, and 20% preferred home goods.

Based on the information given, can we conclude that at least 50% of customers prefer electronics?

Statement (1) alone is sufficient, but statement (2) alone is not sufficient.

Statement (2) alone is sufficient, but statement (1) alone is not sufficient.

Both statements together are sufficient, but neither statement alone is sufficient.

Each statement alone is sufficient.

Hint

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