From 2012 to 2014, does it appear that LA Fitness, 24 Hour Fitness, and Planet Fitness comprise a greater or lesser share of the total gym membership market? Why? Calculate the total share of the fitness membership market for the three gyms in 2012 and 2014. (Round to one decimal place

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Bought Fast Food
Spent Over $100
on FF
Member of Gym
LA Fitness
24 Hour Fitness
Planet Fitness
Year
2012
2014
2012
2014
2012
2014
2012
2014
2012
2014
2012
2014
Total
171.5
170.8
51.4
51.9
41.8
50.7
2.1
3.4
3.8
2.9
2.7
3.8
HH < $40,000
50.9
51.2
12.8
13.2
7.2
9.9
0.5
0.8
0.6
0.8
0.6
0.3
HH $40,000-$74,999 49.7
51.6
16.9
17.1
13.6
16.2
0.7
0.2
0.7
0.9
0.4
0.3
HH $75,000+
70.9
68.0
21.7
21.6
21.0
24.6
0.9
2.4
Men
80.2
80.1
25.4
24.5
22.8
25.1
1.3
1.9
Women
91.3
90.7
26.0
27.4
19.0
25.6
0.8
1.5
26
22
2.5
1.2
1.7
3.2
2.2
2.4
1.3
1.6
0.5
1.4
34
2.8
1.0
All numbers reported in millions (000,000s)
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From 2012 to 2014, does it appear that LA Fitness, 24 Hour Fitness, and Planet Fitness comprise a greater or lesser share of the total gym membership market? Why?
Calculate the total share of the fitness membership market for the three gyms in 2012 and 2014. (Round to one decimal place.)
Market Share
2012
21.3%
2014
26.7%
Transcribed Image Text:More Info Bought Fast Food Spent Over $100 on FF Member of Gym LA Fitness 24 Hour Fitness Planet Fitness Year 2012 2014 2012 2014 2012 2014 2012 2014 2012 2014 2012 2014 Total 171.5 170.8 51.4 51.9 41.8 50.7 2.1 3.4 3.8 2.9 2.7 3.8 HH < $40,000 50.9 51.2 12.8 13.2 7.2 9.9 0.5 0.8 0.6 0.8 0.6 0.3 HH $40,000-$74,999 49.7 51.6 16.9 17.1 13.6 16.2 0.7 0.2 0.7 0.9 0.4 0.3 HH $75,000+ 70.9 68.0 21.7 21.6 21.0 24.6 0.9 2.4 Men 80.2 80.1 25.4 24.5 22.8 25.1 1.3 1.9 Women 91.3 90.7 26.0 27.4 19.0 25.6 0.8 1.5 26 22 2.5 1.2 1.7 3.2 2.2 2.4 1.3 1.6 0.5 1.4 34 2.8 1.0 All numbers reported in millions (000,000s) Print Done - × From 2012 to 2014, does it appear that LA Fitness, 24 Hour Fitness, and Planet Fitness comprise a greater or lesser share of the total gym membership market? Why? Calculate the total share of the fitness membership market for the three gyms in 2012 and 2014. (Round to one decimal place.) Market Share 2012 21.3% 2014 26.7%
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