Question
By adjusting the target audience to the consumption of a new product on the market, a marketing consultancy estimated that, when benchmarking with the competition and acceptance surveys, likely demand would follow expression y=20750.(1,12)^x , where y=projected sales and x=consumers (in thousands). When placing the product on the market, In fact, the level of sales was excellent, reaching the 1700000 units. How many consumers are at this level of sales? (Consider ln(81,93)=4.40 and ln(1,12)=0.11)
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Answer to a math question By adjusting the target audience to the consumption of a new product on the market, a marketing consultancy estimated that, when benchmarking with the competition and acceptance surveys, likely demand would follow expression y=20750.(1,12)^x , where y=projected sales and x=consumers (in thousands). When placing the product on the market, In fact, the level of sales was excellent, reaching the 1700000 units. How many consumers are at this level of sales? (Consider ln(81,93)=4.40 and ln(1,12)=0.11)
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