stream tube made $15 billion worth of revenue this year. the total market for streaming television services…

stream tube made $15 billion worth of revenue this year. the total market for streaming television services is $20 billion. what is stream tubes market share? ?% round to the nearest tenth of a percent.

stream tube made $15 billion worth of revenue this year. the total market for streaming television services is $20 billion. what is stream tubes market share? ?% round to the nearest tenth of a percent.

Answer

Explanation:

Step1: Recall market - share formula

Market share = $\frac{\text{Company's revenue}}{\text{Total market revenue}}\times100%$

Step2: Substitute given values

Market share = $\frac{15}{20}\times100%$

Step3: Calculate the result

$\frac{15}{20}\times100% = 0.75\times100%=75.0%$

Answer:

$75.0$