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Breakeven Analysis: (10 points) You're an expert in direct mail marketing and promotions and have been asked to consult on a project for Mom & Pop Inc. The M&P Executives (your parents) believe they have a compelling product because it has generated $60 in profit (excluding costs before promotions) per sale. They would like to expand via a direct mail campaign offer. You know on average it costs $0.15 per name in list-rental costs, plus $0.75 per name to handle all other mailing costs.
i. What is the response rate needed for MP Inc. to breakeven, assuming average promotional costs?
ii. After the campaign has been launched response rates are 7%, and profit (excluding promotional costs) is at $60 per response. But you know that promotional costs will be increasing to $1.50 per name. What is the increased response rate MP needs to maintain current profit levels, yet still cover the increased costs?
Find the probability that the mean weight of those loads is less than 44.24 tons. Assume that the variable si normally distributed.
The Manutec robot has large inertia and arm length resulting in a challenging control problem, as shown in Figure AP10.8 (a). The block diagram model of the system is shown in Figure AP10.8 (b).The plant dynamics are represented by
suppose that in elections a candidate says that hell get 60 of the votes in the election. the total population is 300
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Use formula z=(mean of values in sample - mu subscript mean of values in sample) divided by (lower case sigma divided by sqrt number of values in sample)
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1. a random sample is collected of size n from a population with standard deviation and with the data collected a 95
discuss the data that the graph is used to visually represent. speculate on why the editor chose the graph as opposed
Carpet City wants to develops a means to forecast it carpet sale. The store manager believes that the store's sale are directly related to the number of new housing starts in town.
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