# Question

A new project will be declared “successful” if you achieve a market share of 10% or more in the next two years. Your marketing department has considered all possibilities and decided that it expects the product to attain a market share of 12% in this time. However, this number is not certain. The standard deviation is forecast to be 3%, indicating the uncertainty in the 12% forecast as 3 percentage points. You may assume a normal distribution.

a.* Find the probability that the new project is successful.

b. Find the probability that the new project fails.

c. Find the probability that the new project is wildly successful, defined as achieving at least a 15% market share.

d. To assess the precision of the marketing projections, find the probability that the attained market share falls close to the projected value of 12%, that is, between 11% and 13%.

a.* Find the probability that the new project is successful.

b. Find the probability that the new project fails.

c. Find the probability that the new project is wildly successful, defined as achieving at least a 15% market share.

d. To assess the precision of the marketing projections, find the probability that the attained market share falls close to the projected value of 12%, that is, between 11% and 13%.

## Answer to relevant Questions

A manufacturing process produces semiconductor chips with a known failure rate of 6.3%. Assume that chip failures are independent of one another. You will be producing 2,000 chips tomorrow. a. What is the name of the ...You have just sent out a test mailing of a catalog to 1,000 people randomly selected from a database of 12,320 addresses. You will go ahead with the mass mailing to the remaining 11,320 addresses provided you receive orders ...Assuming the appropriate probability distribution for the situation described in the preceding problem: a. Find the probability that the system will last 100,000 hours or more (twice the average lifetime). b. The system is ...1. How much money would you make if there were no costs of extraction? Would this be enough to retire? 2. Would you indeed lose money if you leased and extracted immediately? How much money? 3. Continue the scenario analysis ...a. What is a pilot study? b. What can go wrong if you don’t do a pilot study?Post your question

0