The table below gives a detailed forecast of the size of the market by production volume....
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The table below gives a detailed forecast of the size of the market by production volume. Assume that KXS expects to capture 10.10% of the market share in 2018 and expects that percentage will increase by 0.21% per year. KXS currently has the capacity to produce a maximum of 1100 thousand units. What production capacity will KXS require each year? When will an expansion become necessary (that is, when will production volume exceed 1100 thousand units)? 2019 Year Production Volume (000 units) Market Size 2018 10,000 10,432 KXS's market share for 2018 is thousand units. (Round to the nearest integer) KEEW 2020 11.062 2021 11.545 2022 12,174 2023 12,739 The table below gives a detailed forecast of the size of the market by production volume. Assume that KXS expects to capture 10.10% of the market share in 2018 and expects that percentage will increase by 0.21% per year. KXS currently has the capacity to produce a maximum of 1100 thousand units. What production capacity will KXS require each year? When will an expansion become necessary (that is, when will production volume exceed 1100 thousand units)? 2019 Year Production Volume (000 units) Market Size 2018 10,000 10,432 KXS's market share for 2018 is thousand units. (Round to the nearest integer) KEEW 2020 11.062 2021 11.545 2022 12,174 2023 12,739
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Statistics For Business And Economics
ISBN: 9780321826237
12th Edition
Authors: James T. McClave, P. George Benson, Terry T Sincich
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