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The table shows, for 2014 and 2015, the number of viewers of four television programs and the total number of viewers at the times when the programs were shown - HSC - SSCE Business Studies - Question 20 - 2015 - Paper 1

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The table shows, for 2014 and 2015, the number of viewers of four television programs and the total number of viewers at the times when the programs were shown. | P... show full transcript

Worked Solution & Example Answer:The table shows, for 2014 and 2015, the number of viewers of four television programs and the total number of viewers at the times when the programs were shown - HSC - SSCE Business Studies - Question 20 - 2015 - Paper 1

Step 1

Calculate Market Share for Program A

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Answer

In 2014, the market share for Program A is calculated as:

Market Share A 2014=200,0001,000,000=0.2\text{Market Share A 2014} = \frac{200,000}{1,000,000} = 0.2

In 2015:

Market Share A 2015=250,0001,250,000=0.2\text{Market Share A 2015} = \frac{250,000}{1,250,000} = 0.2

There is no increase in market share.

Step 2

Calculate Market Share for Program B

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Answer

For Program B in 2014:

Market Share B 2014=600,0001,200,000=0.5\text{Market Share B 2014} = \frac{600,000}{1,200,000} = 0.5

For 2015:

Market Share B 2015=800,0001,400,0000.571\text{Market Share B 2015} = \frac{800,000}{1,400,000} \approx 0.571

Thus, Program B's market share increases from 0.5 to approximately 0.571.

Step 3

Calculate Market Share for Program C

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Answer

For Program C:

Market Share C 2014=300,0001,200,000=0.25\text{Market Share C 2014} = \frac{300,000}{1,200,000} = 0.25

For 2015:

Market Share C 2015=350,0001,500,0000.233\text{Market Share C 2015} = \frac{350,000}{1,500,000} \approx 0.233

There is actually a decrease in market share.

Step 4

Calculate Market Share for Program D

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Answer

For Program D:

Market Share D 2014=400,0001,200,0000.333\text{Market Share D 2014} = \frac{400,000}{1,200,000} \approx 0.333

For 2015:

Market Share D 2015=400,0001,400,0000.286\text{Market Share D 2015} = \frac{400,000}{1,400,000} \approx 0.286

There is a decrease in market share.

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