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2-Assume the average Texas adult (21+ years of age) consumes 3.8 gallons of craft beer per year. Shannons market share in the Austin market has
2-Assume the average Texas adult (21+ years of age) consumes 3.8 gallons of craft beer per year. Shannons market share in the Austin market has been steady at 0.029. What is Shannons sales potential for the six county area in gallons of beer? Round your answer to the nearest full gallon (no decimal places).
Folder 7: Extra Credit Op X -Take Test Demand Proe ? https://learn untedu/webapps/assessment take/launchjsp?course assessment d 208346,18 course d 90422,1&content d 3964031,1&sPasswordAttempted=true&pa Q Returning to our running case for Shannon's Brewery, assume that Shannon is currently serving the Austin. TX market and wishes to expand distribution to a six-county area in North Texas: Dallas, Tarrant, Collin, Denton. Wise, and Cook Before the final decision is made, Shannon's needs to have some idea of the market potential for craft beer in the six-county DFW area and Shannon's own sales potential. According to the Craft Beer trade association, there are 117 craft brewers in Texas. Relevant population data for developing these estimates is contained in Table 1. The data show the total populations of each of the six counties, the proportion of the total Texas population in these counties and the numbers of individuals over 21 years of age Table 1. Population Data for Six-County Area of North Texas Total Population % of Texas 21+ Denton Collin Wise Tarrant Dallas Cook 662,614 782,491 59,127 1,809,000 2,368,000 38,437 5,719,669 3.96% 4 68% 0.35% 10.82% 14 1796 0.23% 34.22% 410,827 485,152 36,659 1,121,598 1,468,184 23,831 3,546,253 Instructions Timed Test This test has a time limit of 1 hour.This test will save and submit automatically when the time expires. Warnings appear when half the time, 5 minutes, 1 minute, and 30 seconds remain Multiple This test allows 2 attempts. This is attempt number 1 Attempts ForceThis test can be saved and resumed at any point until time has expired. The timer will continue to run if you leave the test. Completion Remaining Time: 59 minutes, 02 seconds. Question Completion Status ^qa ENG 10/9/2016 2-34 PM Ask me anythingStep by Step Solution
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