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Mathematics, 12.10.2020 01:01 stump76
3. Google is trying to estimate the market size for the upcoming launch of the Pixel 4a smartphone. a. Use the chain-ratio method to estimate the number of Pixel 4a phones that will be sold using the following data. The population of the United States is 325 million people. 92% of Americans have cell phones. 74% of cell phones in the US are smartphones. 54% of smartphones in the US are iOS-type phones. 45% of smartphones in the US are Android-type phones. The remaining 1% run Windows, Blackberry, or another operating system. The Pixel 4a will be an Android phone. Google’s Pixel 3 phone has a 5% market share among Android phones. They estimate a similar percentage for the Pixel 4a. Finally, they assume each person who purchases a phone will not purchase more than 1. How many Pixel 4a phones should Google expect to sell?
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