Find the expected daily sales of convection ovens

Reference no: EM13204101

A sales agent is provided a $50 commission in addition to her salary for each new energy-efficient convection oven she sells during a one-month introductory period. Based upon the response to the convection oven when introduced in other geographic areas, the distribution of daily sales x of the convection oven is defined as follows:
x 0 1 2 3 4
p(x) .80 .10 .05 .03 .02

Find the expected daily sales of convection ovens?

Reference no: EM13204101

Questions Cloud

Compute the demand function : A manufacture has been selling 1500 television sets a week at 450 each. A market survey indicates that for each 29 rebate offered to a buyer, the number of sets sold will increase by 290 per week.

Determine real gdp for 1984 and 2004 in 1984 prices. : Suppose that 1984 the total output in a single good economy was 7000 buckets of chicken. Also suppose that in 1984 each bucket of chicken was priced at $10. Finally, assume that in 2004 the price per bucket of chicken was $16 and that 22,000 bucke..

Why do national income accountants compare the market values : Why do national income accountants compare the market value of the total outputs in various years rather than actual physical volumes of production What problem is posed by any comparison over time of the market values of various total outputs

State write a program that accepts the amount : The bank will close your account when the amount becomes less than 1500 AED. Write a program that accepts the amount you want to save in the bank and prints for you the depreciation (decrease) in your savings every year because of only the bank ch..

Find the expected daily sales of convection ovens : A sales agent is provided a $50 commission in addition to her salary for each new energy-efficient convection oven she sells during a one-month introductory period. Based upon the response to the convection oven when introduced in other geographic..

Find the probability of passing if the minimum passing grade : A quiz consists of 20 multiple-choice questions, each with 5 possible choices. For someone who makes random guesses for all of the questions

What is the deadweight loss that results from the duopoly : Suppose there are two firms in a market who each simultaneously choose a quantity. Firms 1s quantity is q1 and firms 2s is q2. Therefore the market quantity is Q=q1+q2. The market demand curve is given by P=100-4Q. Also, each firm has constant mar..

Which might produce a new equilibrium interest rate : The accompanying graph shows the market for loanable funds in equilibrium. Which might produce a new equilibrium interest rate of 8% and a new equilibrium quantity of loanable funds of $150. what will shift the equilibrium right from $100 to $150 ..

Compute cost of common equity using the capm model : What is the after-tax cost of debt if the tax rate is 34% and explain what other methods you could have used to find the cost of debt for AirJet Best Parts Inc.

User Account

All Pages