Question
In: Math
In a study of the domestic market share of the three major automobile manufacturers A, B,...
In a study of the domestic market share of the three major automobile manufacturers A, B, and C in a certain country, it was found that their current market shares were 60%, 20%, and 20%, respectively. Furthermore, it was found that of the customers who bought a car manufactured by A, 75% would again buy a car manufactured by A, 15% would buy a car manufactured by B, and 10% would buy a car manufactured by C. Of the customers who bought a car manufactured by B, 90% would again buy a car manufactured by B, whereas 5% each would buy cars manufactured by A and C. Finally, of the customers who bought a car manufactured by C, 85% would again buy a car manufactured by C, 5% would buy a car manufactured by A, and 10% would buy a car manufactured by B. Assuming that these sentiments reflect the buying habits of customers in the future, determine the market share that will be held by each manufacturer after the next two model years. (Round your answers to the nearest percent.)
Solutions
milcah answered 15 hours agoRelated Solutions
In a study of the domestic market share of the three major automobile manufacturers A, B,...
In a study of the domestic market share of the three major
automobile manufacturers A, B, and C in a certain country, it was
found that their current market shares were 50%, 35%, and 15%,
respectively. Furthermore, it was found that of the customers who
bought a car manufactured by A, 75% would again buy a car
manufactured by A, 15% would buy a car manufactured by B, and 10%
would buy a car manufactured by C. Of the customers...
Find global or domestic operating system market share information, that shows the market share of Windows...
Find global or domestic operating system market share
information, that shows the market share of Windows 7, 8, and 10.
Using that information, answer this question: How successful is
Windows 7 compared with other versions of Windows?
The shares of the U.S. automobile market held in 1990 by General Motors, Japanese manufacturers, Ford,...
The shares of the U.S. automobile market held in 1990 by General
Motors, Japanese manufacturers, Ford, Chrysler, and other
manufacturers were, respectively, 34%, 32%, 19%, 9%, and 6%.
Suppose that a new survey of 1,000 new-car buyers shows the
following purchase frequencies: GM Japanese Ford Chrysler Other 397
259 231 80 33 (a) Show that it is appropriate to carry out a
chi-square test using these data. Each expected value is ≥ (b) Test
to determine whether the current market...
Two major automobile manufacturers have produced compact cars with the same size engines. We are interested...
Two major automobile manufacturers have produced compact cars
with the same size engines. We are interested in determining
whether or not there is a significant difference in the MPG (miles
per gallon) of the two brands of automobiles. A random sample of
eight cars from each manufacturer is selected, and eight drivers
are selected to drive each automobile for a specified distance. The
following data show the results of the test and if the variance of
MPG is the same,...
(b) For a study of TV shows, you obtain the rating, market share, and advertising revenue...
(b) For a study of TV shows, you obtain the rating, market
share, and advertising revenue for 95 popular TV shows.
Which of these are statistical questions that could be answered
from this data set? (Check all that apply.)
*Does the market share of TV shows differ based on the gender of
viewers?
*For all TV shows on network television, what percentage have
ratings of 5.0 or lower?
*What is the distribution of ratings for the 95 shows in this...
ABC Domestic Equity Fund sells two types of share, A+ and B+
ABC Domestic Equity Fund sells two types of share, A+ and B+. A+
shares are sold with front-end load fee of 5% whilst Type B+ shares
are not subject front-end load fee but are charged to investment
management fee of 1% per annum as well as exit (back-end load) fee
that start at 12% and reduce by 2% for each full year the investor
holds the portfolio (until the 6th year). The annual rate of return
for both types of...
Using internet sources, find three automobile manufacturers in the world (for example, Toyota, Mercedes, Ford). Work...
Using internet sources, find three automobile manufacturers in
the world (for example, Toyota, Mercedes, Ford). Work out the kind
of the marketing activities and brands they use in each continent
and summarize their global strategy in terms of similarities and
differences between the continents.
ABC Domestic Equity Fund sells two types of share, A+ and B+. A+ shares are sold...
ABC Domestic Equity Fund sells two types of share, A+ and B+. A+
shares are sold with front-end load fee of 5% whilst Type B+ shares
are not subject front-end load fee but are charged to investment
management fee of 1% per annum as well as exit (back-end load) fee
that start at 12% and reduce by 2% for each full year the investor
holds the portfolio (until the 6th year). The annual rate of return
for both types of...
ABC Domestic Equity Fund sells two types of share, A+ and B+. A+ shares are sold...
ABC Domestic Equity Fund sells two types of share, A+ and B+. A+
shares are sold with front-end load fee of 5% whilst Type B+ shares
are not subject front-end load fee but are charged to investment
management fee of 1% per annum as well as exit (back-end load) fee
that start at 12% and reduce by 2% for each full year the investor
holds the portfolio (until the 6th year). The annual rate of return
for both types of...
Week 7 includes three applications in three major areas in Macroeconomics: 1) Gross Domestic Product; 2)...
Week 7 includes three applications in three major areas in
Macroeconomics: 1) Gross Domestic Product; 2) Unemployment and
Inflation; and 3) Macroeconomic Policy. You must complete all three
applications. Each of the application options are located in the
textbook. You will select one of the Options listed for each of the
applications and will complete a draft essay for each of the
applications. The drafts will be submitted for grading by the end
of Week 7. The Week 7 Assignment...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Consider a market with demand given by Q = 10p^−2 . A firm has a constant...
- Identify three applications of information systems at the college or the university that you are attending....
- You are an HR manager in an office of 300 individuals at all employment levels. A...
- Write a C++ programm which reads an input file named 'input.txt' content of input.txt are not...
- A computer software development company in the U.S. exports its software to the euro zone. The...
- KDV, Ltd., is a Canadian company. It can borrow or lend funds in Canada at an...
- C++ question. I want to write all output to the file "output.txt", but it will write...
ADVERTISEMENT