Question

use the percentage of 20-35 year olds who agree with the statement \i would buy this product\ to calculate the sales potential for a target population of 125,000 20-35 year olds.

	age in years
agree	12	17
somewhat agree	14	15
somewhat disagree	8	22
disagree	6	14

? people

Explanation:

Step1: Calculate total respondents (20-35)

Sum the number of 20-35 year olds who gave each response: \(12 + 14 + 8 + 6 = 40\)

Step2: Find percentage of "Agree" (20-35)

Percentage of "Agree" is \(\frac{12}{40}\times100 = 30\%\) or \(0.3\)

Step3: Calculate sales potential

Multiply target population by the percentage: \(125000\times0.3 = 37500\)

Answer:

37500