Examlex
Use the relative frequency method to estimate the probability. Round your answer to 2 decimal places when necessary.
-Sebastian lives in a rainy city. In his city, in 9 of the past 24 years there have been more than 100 days of rain. What is the probability that there will be more than 100 days of rain next year in his
City?
Give your answer as a fraction.
Market Share
denotes the percentage of an industry's sales that a particular company controls, indicating its competitiveness and influence.
Competition
The rivalry between businesses or individuals for customers or resources, driving innovation and efficiency in the market.
Target Market
A specific group of consumers identified as the intended recipients of a product or service, based on shared characteristics or needs.
Children
Individuals in the early stages of life, typically defined as persons under the age of 18.
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