Question: please include the math to find answer Google Home Speaker Market Sizing Google is trying to estimate the market size for the upcoming launch of

please include the math to find answer
please include the math to find answer Google
Google Home Speaker Market Sizing Google is trying to estimate the market size for the upcoming launch of a new Google Home smart speaker. In addition to the top-down procedure they used in the previous problem, they also collected consumer preference data to estimate the market size using a bottom-up approach. They created a sample of Amazon Echo users and a sample of Google Home users. They asked each group how likely they are to purchase the new Google Home speaker on a five-point scale ranging from Definitely not purchase to Definitely purchase. The data from the study are below; the information from the top-down estimation may still be relevant. Using a bottom-up, market- sizing approach, how many speakers should Google expect to sell? Response Google Home Users Definitely purchase Likely purchase Not sure 52% 27.2% Likely not purchase 22% Definitely not purchase 19% Sample sizes: 350 Google Home users, 425 Amazon Echo users Amazon Echo users 2% 3% .7% 2% 24% 48% Google Home Speaker Market Sizing Google is trying to estimate the market size for the upcoming launch of a new Google Home smart speaker. In addition to the top-down procedure they used in the previous problem, they also collected consumer preference data to estimate the market size using a bottom-up approach. They created a sample of Amazon Echo users and a sample of Google Home users. They asked each group how likely they are to purchase the new Google Home speaker on a five-point scale ranging from Definitely not purchase to Definitely purchase. The data from the study are below; the information from the top-down estimation may still be relevant. Using a bottom-up, market- sizing approach, how many speakers should Google expect to sell? Response Google Home Users Definitely purchase Likely purchase Not sure 52% 27.2% Likely not purchase 22% Definitely not purchase 19% Sample sizes: 350 Google Home users, 425 Amazon Echo users Amazon Echo users 2% 3% .7% 2% 24% 48%

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