Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

parts a-g please 3 e answer t of 12.00 FFII'TJH Note: write your answer as a percentage. rounded to 2 decimal places. For example, if

parts a-g please

image text in transcribed
3 e answer t of 12.00 FFII'TJH Note: write your answer as a percentage. rounded to 2 decimal places. For example, if your answer is 0.1 2345, wrlte 12.35 VR Ltd is compiling data about the purchase patterns of consumers who are interested in Virtual Technology. They have found that 34% of consumers in their sample choose to purchase a VR headset. Al'nong those who purchased 5 UR headset. 54%.- also purchased a VR phone: among those who did not purchase a VP headset, 24% purchased a VR phone. Further, among consumers who purchased either the VR phone or the VR headset (but not both}, 44%. subscribed to the VR Ltd newsletter. Among consumers who purchased both the VR phone and VR headset. 64% subscribed to the VR Ltd newsJetter. Amongst consumers who purchased neither product, 0% subscribed to the VR Ltd newsletter. Part a [2 marks] What percentage of consumers purchased a VR phone? Part b [2 marks] What percentage of consumers subscribe to the VF! Ltd newsletter? Part c [2 marks] What percentage of consumers who purchased a VF! phone also purchased a VR Part d [1 mark] Are the events "purchased a VF! phone". and "purchased a VP headset" independent? [No answer given) VR Ltd has identified a segment of VR Phone customers who frequentty upgrade their VF! Phone purchase. To target this "frequent customer" segment, VR Ltd has decided on an annual product cycle for the VR Phone: they will release a new version of the phone every year. Based on market research, a frequent customer who upgrades to a new VR Phone in one year has a 50% probability of upgrading again next year. On the other hand, a frequent customer who does not purchase a new VR Phone in one year will denitely upgrade to a new VR Phone the next year. Assume that 631 /o of frequent customers upgraded their VR Phone this year (year t). Part e [1 mark] What percentage of frequent customers are expected to upgrade their VR Phone next year (year H1)? 3% Part 1' [2 marks] What percentage of frequent customers are expected to upgrade their VR Phone two years from new (year 1+2)? 5% Part 9 [2 marks] In the steady state, what percentage of frequent customers are expected to upgrade their VR Phone

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Cases An Active Learning Approach

Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt

2nd Edition

9781266566899

Students also viewed these Economics questions