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A firm that sells software services has been piloting a new product and has records of 500 customers who have either bought the services or decided not to. The target value is the estimated profit from each sale (excluding sales costs). The global mean is $2,128. However, the cost of the sales effort is not cheap – the company figures it comes to $2500 for each of the 500 customers (whether or not they buy).
If the company begins working witha new set of 1000 customer sample to sell the same service, similar to the 500 in the pilot study, will the estimated profit be twice as much or the same?
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Mona, a newly-licensed CPA, who set up an office in South Beach, provides various accounting services to Cardozo Corporation. The services include preparing Cardozo’s financial reports and audit opinions based on the reports. What is her potential li..
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Pedro Santini has been a computer analyst for five years. In his spare time, he has developed a word processing software program that is more comprehensive and powerful than any on the market. How would you recommend Pedro get ready for his meeting w..
Carl Mitchell was delighted to accept a job in the British branch office of General Products, Inc., a multinational consumer products corporation. Two months later, Mitchell was miserable. What do you think is George Garrow's personality profile? Giv..
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