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?

Question

Quizplus · Accepted Answer

The Answer of 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?

There Is a 60% Chance That Customer Without a Smart