Question: A company is trying to predict the long - run market share of a new men's deodorant. Based on initial marketing studies, they believe that
A company is trying to predict the longrun market share of a new men's deodorant. Based on initial marketing studies, they believe that of new purchasers in this market will ultimately try this brand, and
of these, about will purchase it in the future. Preliminary data also suggest that the brand will attract heavierthanaverage buyers, such as those who exercise frequently and participate in sports, and that
they will purchase about more than the average buyer. Complete parts a and
a Calculate the longrun market share that the company can anticipate under these assumptions.
The longrun market share is
Type an integer or a decimal rounded to three decimal places as needed.
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