Question

Worldwide unit sales of wearable, miniature action-capture cameras are reliably projected to grow

A. at 45-65% annually during Years 6 through 10 and at 2.5-4.5% annually during Years 11 through 15.
B. at rates that can range from as high as 5% annually to as low as 2% annually.
C. at gradually slower rates, starting at 15% annually and slowing by 0.5% to 1% annually to a floor of 6%.
D. 10% annually for Years 6-10, and then slow gradually to 3% annually by Year 15. E. at 6-8% annually during the Year 6-10 period and at 4-6% annually during the Year 11-15 period.

Answer 1

The question involves projecting future sales growth rates for wearable action-capture cameras using mathematical models similar to those used in population or economic growth. Past trends suggest that growth rates can vary over time. This concept helps in evaluating the different projection scenarios given in the question.

Step-by-step explanation:

The question you're asking relates to the projection of future sales growth for a product category, specifically wearable, miniature action-capture cameras. Such growth projections are typically based on past trends and industrial forecasts. To illustrate how growth projections work and how to interpret the different scenarios provided (A through E), let's relate this to similar exponential growth models like those used to describe population or economic growth.

For example, if we look at historical data, we can see that the world population growth rate has varied over time, with a noticeable decrease in the rate recently. Between 1965 and 1980, it was at 2%, suggesting a doubling time of 36 years. More recently, the rate has been predicted to slow to about 1.1% during the 2005-2015 period, which would mean a doubling time of 65 years.

Understanding these growth rates and trends helps in making more informed projections about future growth, whether for populations, economies, or, in your case, product sales. When looking at the scenario options you've given (A through E), they describe different potential growth rates ranging from very high to more modest increases over time.