Question: How do I figure out the expected market value to open a store to compete against Macy's? Here is the data I have? trade area
How do I figure out the expected market value to open a store to compete against Macy's? Here is the data I have?
trade area population 851,490, trade area households 284,807, and average annual household income $91,938. The estimated value for all the Macys organization as of July 2022 is $4.8B. There are 570 Macys in the whole United States, 42 stores in the state of Florida. Apologies I submitted this question twice by mistake.
| Expected Market Value: Miamis Inc. department store | |||||
| Assumptions | Probability p(x) | Units ('000) | Avg. Unit Price ($) | Market Value ('$000) | Expected Market Value ('$000) |
| Pessimistic |
|
|
|
|
|
| Most Likely |
|
|
|
|
|
| Expected Market Value: Miamis Inc. department store | |||||
| Assumptions | Probability p(x) | Units ('000) | Avg. Unit Price ($) | Market Value ('$000) | Expected Market Value ('$000) |
| Optimistic |
|
|
|
|
|
| Most Likely |
|
|
|
|
|
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts