expert
Expert with best answer

Luca

100% Recommendation Rate

22 Meetings

1,939 Q&A Upvotes

USD 179 / Coaching

2

Two balls per game or per player?

For the calculation of the market size using the golf course approach, the information states that 2 balls are lost per game. However the solution seems to focus on the balls lost per player. Can anyone please explain the discrepancy?

For the calculation of the market size using the golf course approach, the information states that 2 balls are lost per game. However the solution seems to focus on the balls lost per player. Can anyone please explain the discrepancy?

2 answers

  • Upvotes
  • Date ascending
  • Date descending
Best Answer
Book a coaching with Luca

100% Recommendation Rate

22 Meetings

1,939 Q&A Upvotes

USD 179 / Coaching

Hello,

I don't understand why you think that there is a descrepancy.
THe logical sequence is:

  • Balls lost per game
  • Balls lost per playes
  • Total number of lost balls

WHy the 2 approaches should be mutually exclusive in your opinion?

Best,
Luca

Hello,

I don't understand why you think that there is a descrepancy.
THe logical sequence is:

  • Balls lost per game
  • Balls lost per playes
  • Total number of lost balls

WHy the 2 approaches should be mutually exclusive in your opinion?

Best,
Luca

Book a coaching with Ian

100% Recommendation Rate

54 Meetings

2,972 Q&A Upvotes

USD 239 / Coaching

So, here you're trying to figure out how many balls are purchased each year. One can assume that the # of balls purchased is the number of balls lost (replenishment rate).

Now let's work backwards:

I know the population of players in Portugal, but now I need to know how many balls this whole population needs. If I get the # of balls lost each year, on average, per player, then I can multiply this by the whole population of players get to total demand.

The # of balls lost each year per player can be found by figuring out # of games played per year times # of balls lost each game.

So, here you're trying to figure out how many balls are purchased each year. One can assume that the # of balls purchased is the number of balls lost (replenishment rate).

Now let's work backwards:

I know the population of players in Portugal, but now I need to know how many balls this whole population needs. If I get the # of balls lost each year, on average, per player, then I can multiply this by the whole population of players get to total demand.

The # of balls lost each year per player can be found by figuring out # of games played per year times # of balls lost each game.