There Is a 60% Chance That a Customer Without a Smart

question 26

Short Answer

There is a 60% chance that a customer without a smart phone will buy one this year.There is a 95% chance that a customer with a smart phone will continue with a smart phone going into the next year.If 30% of target market currently own smart phones, what proportion of the target market is expected to own a smart phone next year?

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Definitions:

Complex Emotion

Emotions that are comprised of various components such as cultural and personal experiences, and often involve a mix of primary emotions.

Basic Emotion

Fundamental emotions considered universal across human cultures, such as happiness, sadness, fear, anger, surprise, and disgust.

Envy

A feeling of discontent or covetousness with regard to another's advantages, success, or possessions.

Gender Differences

The distinctions in characteristics, roles, behaviors, and biological attributes commonly associated with being male or female.