There Is a 60% Chance That Customer Without a Smart

question 36

Short Answer

There is a 60% chance that 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 is the long run percentage of the target market that will own smart phones?

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Definitions:

Genetic Engineering

A set of technologies that can change the makeup of cells by manipulating genetic material to make an organism better in some way.

Frozen Embryos

Embryos that have been cryogenically preserved for future use in assisted reproduction techniques.

Birth Defects

Birth defects are physical or biochemical abnormalities that are present at birth and can affect the structure or function of the body, impacting health and development.

Abortion

The medical termination of a pregnancy before the fetus is capable of surviving outside the uterus, a topic of significant ethical, legal, and social debate.