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. The Nova Tech Solutions Company is considering launching a new app aimed at helping students with STEM education. The company has gathered the following
The Nova Tech Solutions Company is considering launching a new app aimed at helping
students with STEM education. The company has gathered the following data:
According to educational statistics, one of the regions where it aims to introduce the app has a
student population of between the ages of twelve to seventeen years. Research indicates
that percent of students are interested in science and technologyrelated subjects, and surveys
suggest that percent of students engaged in STEM subjects are interested in educational apps.
Nova Tech Solutions has observed from past market analyses that it can establish a dominant
position in a niche market for up to three years, reaching percent market share. In the best
case scenario, it plans to achieve a percent market penetration in year percent in year
and percent in year
A What will be the peak number of app users in the bestcase scenario over the next three years?
B What will be the number of app users over the next three years under a worstcase scenario?
Assume that the worstcase scenario has a penetration rate of percent in year percent in
year and percent in year
C If the most likely case scenario involves half of the bestcase scenario penetration rates,
calculate the number of app users for years and
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