The following table contains information on all the manufacturers of single person spaceships currently on the market. Company Price Market Share Spaced Out $2,400,000 30% Rockets R Us $2,950,000 50% Ford Aerospace 54,800,000 10% Cosmo Crafts $5,000,000 10% Numeric Distribution 30% 60% 60% 20% 1. What is Ford's price premium, comparing their price to a weighted average price paid? Weighted Average Price Paid = All Prices added / # of Companies Weighted Average Price Paid = 2,400,00+2,950,000+4,800,000+5,000,000 / 4 Weighted Average Price Paid = 15,150,000 / 4 = 3,787,500 2. What is Ford's price premium, comparing their price to the average price charged? 3. What is Ford's price premium, comparing their price to the average price displayed? 4. Assume that there are five potential customers that Ford is talking to about their spaceships. Their reservation prices are $2MM, $3.5MM, $3.8MM, $4.5MM, and $6MM, respectively. What is Ford's % Good Value figure? 5. If all the customers who consider the Ford price a good value make a purchase, how many spaceships will they sell? The following table contains information on all the manufacturers of single person spaceships currently on the market. Company Price Market Share Spaced Out $2,400,000 30% Rockets R Us $2,950,000 50% Ford Aerospace 54,800,000 10% Cosmo Crafts $5,000,000 10% Numeric Distribution 30% 60% 60% 20% 1. What is Ford's price premium, comparing their price to a weighted average price paid? Weighted Average Price Paid = All Prices added / # of Companies Weighted Average Price Paid = 2,400,00+2,950,000+4,800,000+5,000,000 / 4 Weighted Average Price Paid = 15,150,000 / 4 = 3,787,500 2. What is Ford's price premium, comparing their price to the average price charged? 3. What is Ford's price premium, comparing their price to the average price displayed? 4. Assume that there are five potential customers that Ford is talking to about their spaceships. Their reservation prices are $2MM, $3.5MM, $3.8MM, $4.5MM, and $6MM, respectively. What is Ford's % Good Value figure? 5. If all the customers who consider the Ford price a good value make a purchase, how many spaceships will they sell