Estimating revenue based on martial status

Hi RUSDI,

are all the information above provided or based on your assumptions?

If the information you shared is given, then you need to make assumptions on how you can break down the 5M population into the respective segments in order to identify the number of customers and then multiply it by the average number of products sold per customer.

Basically you need to determine:

1. Which share of the population is < 35 yrs old and single?

2. Which share of the population >35 yrs old and single?

3. Which share of the population is married?

4. What is the average number of products sold per customer?

The rest is simple math.

I hope this helps. Please let me know if you need further help with market sizing cases.

Best,

Florian

Hi Rusdi,

Sorry, but this doesn't make sense. "Revenue based on Martial status" means nothing.

Could you clarify what exactly we are trying to measure the revenue of?

Hi, in addition to the solutions proposed by the other coaches in the discussion, I would like to suggest similar cases in the platform to practice with:

• https://www.preplounge.com/en/consulting-forum/how-much-would-you-charge-to-clean-all-the-windows-in-seattle-4965
• https://www.preplounge.com/en/consulting-forum/market-sizing-milk-consumption-5087
• https://www.preplounge.com/en/consulting-forum/how-would-you-calculate-the-value-of-a-cow-4982
• https://www.preplounge.com/en/consulting-forum/estimate-number-of-traffic-lights-in-a-london-5692

Hope it helps,
Antonello

Hello Rusdi!

I feel we are missing a part of the prompt here, which product are we trying to sell?

Cheers, 

Clara