How to minimize the cost of completing the survey

Assignment Help Business Management
Reference no: EM132839532

For a telephone survey, a marketing research group needs to contact at least 600 wives, 480 husbands, 400 single adult makes, and 440 single adult females. It costs $3 to make a daytime call and because of higher labor costs) $5 to make an evening call. For example, 30% of all daytime calls are answered by a wife. 15% of all evening calls are answered by a single male, and 40% of all daytime calls are not answered at all. Due to limited staff, at most 40% of all phone calls can be evening calls.

(a) Determine how to minimize the cost of completing the survey.

Reference no: EM132839532

Questions Cloud

Define absolute advantage and comparative advantage : Clearly define absolute advantage and comparative advantage, giving a concrete example of each scenario.
How frederick douglass argues against antebellum slavery : Explain why and how Frederick Douglass argues against antebellum slavery; explain why and how George Fitzhugh argues for antebellum slavery.
Concept of strategic importance of information : The third section of the Camp Bow Wow Dog Park Summary Report that is based around the concept of the strategic importance of information.
Discuss local alternatives for at least the main meal items : How do your data relate to air, water, and energy uses/abuses associated with the average American meal--is it greater or less than the average miles driven.
How to minimize the cost of completing the survey : (a) Determine how to minimize the cost of completing the survey.
The case of an abusive supervisor : This challenge involves the behavior of Kofi Amponsah, the supervisor of a Municipal Tax Collection Office in the Greater Accra Region.
How did the black freedom movement evolve : What led to the labor wars of the 1890s? How did the black freedom movement evolve? How did George W. Bush alter the focus of U.S. foreign and domestic.?
Identify and list the five forces using a visual aid : Identify and list each of the Five Forces using a visual aid, like a chart.
How did the dred scott decision support the doctrine : How did the Dred Scott Decision support the doctrine of nullification and limit the ability of the federal government to restrict the expansion of slavery?

Reviews

Write a Review

Business Management Questions & Answers

  Producers of marijuana face the following cost function

The demand for marijuana is Q = 500 - 3P. Producers of marijuana face the following cost function: C(Q) = 10 + 5Q.

  Explanation of the role of an operations manager

Provide a detailed explanation of the role of an Operations Manager in a small business.

  Given a sorted array of integers

Given a sorted array of integers, find the starting and ending position of a given target value.

  Systems affect managerial decision-making

How does the use of sophisticated information systems affect managerial decision-making?

  What relationship does the is curve plot

What relationship does the IS curve plot? Explain, in words and graphically, why the IS curve slopes downward. Be sure to label everything properly.

  What is cetiris paribus

What is cetiris paribus? what is the us of it? also what is demand schedule and demand curve?

  Corporate governance key informaitonexplain an experience

corporate governance key informaitonexplain an experience you have had or have knowledge of pertaining to the

  Role of relationship marketing and strategic alliances in bm

Discuss the role of relationship marketing and strategic alliances in business marketing(BM). Relationship marketing entails seeking.

  Passage of the civil rights act

Affirmative Action has been a hot topic for years. Some say it is still needed to remedy racism which still exists in our society.

  Pitfalls front desk agents should always avoid

Think of 3 best practices front desk agents should always execute at the front desk, and 3 pitfalls front desk agents should always avoid.

  Improve the quality of work among the firm employees

How can the HR department improve the quality of work among the firm's employees?

  Jefferson smurfit company-case study

Jefferson Smurfit Company is a multi-billion-dollar supplier of packaging materials. One of its salespeople rearranged production schedules at three different plants to satisfy an unexpected demand for boxes from General Electric.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd