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Table 13-7
A professor dutifully holds six office hours per week as dictated by an archaic policy.Demand for office hours varies wildly as reflected in this historical data.
The duration of time to answer questions varies independently from the actual demand.Question duration is reflected in this table.
Entries in the student demand and question duration tables that reflect a range in demand, i.e., 3-9 students per six hours or 4-9 minutes should be treated as collapsed entries in the table.Thus, a question duration of 4 minutes has a 0.05 probability, a question duration of 5 minutes also has a 0.05 probability, and so on up through 9 minutes and a 0.05 probability.
This table contains random numbers for the number of students and duration of question for a 16-week period.
Use the question duration figure as the time required to answer questions for each student that week, so if three students arrive in week seven and the average duration is ten minutes, the total time spent answering questions that week is thirty minutes.
-What is the total duration of questions asked during week 3 according to the information contained in Table 13-7?
SAM
An acronym for Serviceable Available Market; the segment of the total available market that can actually be reached or served.
TAM
Total Addressable Market, an estimate of the revenue opportunity available or market demand for a product or service.
Early Majority
A segment of adopters in the diffusion of innovations theory that represents those who adopt a new technology or idea after a tentative initial period.
Early Adopters
The first individuals to use or adopt a new product, technology, or innovation, often influencing others in their social circles.
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