Hatrack River Forum: Help the maths idiot with his market-research! Fun for the whole family!

This is topic Help the maths idiot with his market-research! Fun for the whole family! in forum Books, Films, Food and Culture at Hatrack River Forum.

To visit this topic, use this URL:
http://www.hatrack.com/ubb/main/ultimatebb.php?ubb=get_topic;f=2;t=024653

Posted by Troubadour (Member # 83) on :

Or maybe not.

If I was to say that a market had grown from 7 businesses to 15 in a certain period of time, what percentage growth does that show?

And how would you work it out?

I really wish I'd paid attention in school. But hey, I'm a musician. Sue me, but you won't get much money. [Wink]

[ May 27, 2004, 08:17 AM: Message edited by: Troubadour ]

Posted by HollowEarth (Member # 2586) on :

I'm not a business person but I don't think thats how growth is usually given. Don't people usually say that the market has grown by $X.xx amount and in this time y new business opened?

Directly though: 7*x = 15 => 15/7*100 = growth. Evaluation is left as an exercise for the student (mostly because sevenths are ugly.)

Posted by Dagonee (Member # 5818) on :

The growth is 15-7=8.

Percentage growth is growth divided by original size, of 8/7 = 1.1428 = 114.28%

Posted by Dagonee (Member # 5818) on :

HE, you need to subtract a one in there - then it works out the same as my formula.

You're calculation gives the percentage of the original that the new value is, not the percentage of growth.

FOr example, something that grows from 2 to 3 had 50% growth, not 150%. Something that doubles in size has 100% growth, not 200%.

Posted by HollowEarth (Member # 2586) on :

doh. Thanks.

Posted by Troubadour (Member # 83) on :

Thanks Dagonee!

Posted by Kayla (Member # 2403) on :

quote:
If I was to say that a market had grown from 7 businesses to 15 in a certain period of time, what percentage growth does that show?

You know, more importantly, that whole question really makes one wonder what you are majoring in. It's obviously not math related, and it can't be English related. What does that leave? Are you there on a sports scholarship? Statements contrary to fact, always use opposite verb form. If I were to say that. . .

[edit to say, you know I'm just messing with you, right? [Kiss]

]

[ May 27, 2004, 04:42 PM: Message edited by: Kayla ]

Posted by Dan_raven (Member # 3383) on :

In marketing we would be exact--kinda.

"This business has more than doubled within the last six months! Why, within another year, who knows how big this can be. That's why you need to get in on the ground floor right now.

How many shares of stock would you like sir?"