Understanding royalties
Imagine you are the instructor of course creation at DataCamp. It hard launched three months ago (which incredibly coincided with the beginning of the quarter). At that time, you received $2,500 USD in prepaid royalties.
$$\text{Royalties}= \text{Royalty Rate} \times \text{Scaling Factor} \times \text{Number of Completions}$$
Variable | Value |
---|---|
course_starts (n) |
1000 |
course_completions (n) |
915 |
average_royalty_rate ($) |
6 |
scaling_factor |
1 |
prepayment ($) |
2500 |
Use the console and the assumption variables listed above, which have been initialized for you to answer the following question:
How much would you earn at the end of the quarter since your course went live?
This exercise is part of the course
Course Creation at DataCamp
Hands-on interactive exercise
Turn theory into action with one of our interactive exercises
