compute this 3.3.5. Table 5: Historical DemandYear20152016201720182019Target number of populations112,491113,706114,934116,175117,430Market Segmentation40%40%40%40%40%SegmentedWilling to tryTarget Market PercentageProjected Target MarketMCRDemand MonthlyMonths in a Year1212121212Demand per yearSegmented = Target Number of Population x Market SegmentationProjected Target Market = Segmented x Willing to try x Target Market PercentageDemand Monthly = Projected Target Market x MCRDemand per year = Demand Monthly x Months in a Year%3D 3.3. Demand and Supply3.3.1. Table 1: Historical Number of a PopulationHistorical number of Population GrowthPopulationYearNo. of PopulationRate (1.08%)2015111,28920162017201820193.3.2. Table 2: Projected Number of PopulationHistorical number of Population GrowthPopulationYearNo. of PopulationRate (1.08%)202020212022202320243.3.3. Table 3: Target Market PercentageO The are 100 respondents. 90 respondents willing to try the product and 75respondents willing to buy.Willing to tryWilling to buyTarget Market PercentageFormulas:Willing to try = Answer the willing to try / 100 respondentsWilling to buy = Answer the willing to buy / answer the willing to tryTarget Market Percentage = Willing to try x willing to buy3.3.4. Table 4: Monthly Consumption RateConsumption BasisNo. of ParticipantsNo. of FrequencyМCR(per month)Once a Month451Twice a Month25Thrice a Month203TOTAL90Average ConsumptionRateFormula:Monthly Consumpțion Rate = No, of participants x No. of frequency

Demand and supply are major forces in every economy. The demand for the product determines the level…

3.3.5. Table 5: Historical Demand Year 2015 2016 2017 2018 2019 Target number of populations 112,491 113,706 114,934 116,175 117,430 Market Segmentation 40% 40% 40% 40% 40% Segmented Willing to try Target Market Percentage Projected Target Market MCR Demand Monthly Months in a Year 12 12 12 12 12 Demand per year Segmented = Target Number of Population x Market Segmentation Projected Target Market = Demand Monthly = Projected Target Market × MCR Demand per year = Demand Monthly x Months in a Year Segmented x Willing to try x Target Market Percentage %3D

3.3.5. Table 5: Historical Demand Year 2015 2016 2017 2018 2019 Target number of populations 112,491 113,706 114,934 116,175 117,430 Market Segmentation 40% 40% 40% 40% 40% Segmented Willing to try Target Market Percentage Projected Target Market MCR Demand Monthly Months in a Year 12 12 12 12 12 Demand per year Segmented = Target Number of Population x Market Segmentation Projected Target Market = Demand Monthly = Projected Target Market × MCR Demand per year = Demand Monthly x Months in a Year Segmented x Willing to try x Target Market Percentage %3D

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter2: Descriptive Statistics

Section: Chapter Questions

Problem 2P: The following table contains a partial list of countries, the continents on which they are located,...

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