Sales of Blue Paint in the US

Requirements Clarification & Assessment

1. Clarifying the Scope:

   • Type of Paint: Determine whether the question pertains to household paint, commercial paint, or a combination of both.
   • Paint Format: Clarify if the paints are in gallons, liters, or another unit.
   • Demographic Focus: Confirm if the focus is on residential, commercial, or industrial sectors.
   • Timeframe: Verify if the data pertains to a calendar year or fiscal year.

2. Assumptions:

   • Population: Assume a US population of approximately 330 million.
   • Household Size: Average household size is around 3 people.
   • House Repainting Frequency: Homes are repainted every 5 years on average.
   • Blue Paint Preference: Assume 5-10% of the paint used is blue.
   • Commercial vs. Residential: Determine the proportion of paint used for commercial versus residential purposes.

3. Data Sources:

   • Census Data: Use US Census data for population and household estimates.
   • Industry Reports: Refer to paint industry reports for average consumption and color preference trends.
   • Market Surveys: Utilize market surveys to determine the popularity of blue paint.