Well, if they're college students, I wouldn't expect them to be experts in market research. That's why they're learning about it in school.
A good take-away from this would be to use loose parameters for the research and let the results determine the market demographics, rather than defining the demographics before doing the research.
- Gray 2010 carbon WSD road bike, Rivet Independence saddle
- Red hardtail 26" aluminum mountain bike, Bontrager Evoke WSD saddle
- Royal blue 2018 aluminum gravel bike, Rivet Pearl saddle
Gone but not forgotten:
- Silver 2003 aluminum road bike
- Two awesome worn out Juliana saddles