Probability of covering the transportation costs

Assignment Help Business Management
Reference no: EM132903335

How many minimum number of people would have to visit the store to give you at least a 0.95 probability of covering the transportation costs and the additional fee? Use as 0.28 the probability of a widget being selected by a person.

HINT: You need to sell at least 40 widgets to cover transportation cost and the additional fee. So the number of "successes" need to be greater than equal to 40. The probability of "success" in each trial is 0.28. Now use the BINOM.DIST function trying out various values for "n", the number of trials.

Reference no: EM132903335

Questions Cloud

Find what is the value that must be used for the preparation : While the wheat is still growing, Boy Macho Farming Co. enters. What is the value that must be used for the preparation of the financial statements?
What business ethics issues present on situation : The right change is 694 pesos, but he only gave 194 pesos. Discuss what business ethics issues present on this situation. What can be done?
What is the value that must be used for the preparation : What is the value that must be used for the preparation of the financial statements? Boy Macho Farming Co. also grows wheat and sometimes enters
Describe requirements that apply in mass notice situation : You are an HR consultant. You are approached by an employer that currently has 500 employees but that must, for economic reasons, permanently lay off 102 of the
Probability of covering the transportation costs : How many minimum number of people would have to visit the store to give you at least a 0.95 probability of covering the transportation costs and the additional
What is the prior probability of the bid being successful : a. What is the prior probability of the bid being successful (that is, prior to the request for additional information) (to 1 decimal)?
Explore ideas for change of innovation : Why is it necessary to proactively discuss and explore ideas for change of innovation with other team members on an ongoing basis.
Characteristics of the firm primary form of financing : Are any changes in your chosen firms access to capital likely to translate into real investment? In your answer consider whether your chosen firm relies primari
Difference between primary and secondary market : What is the difference between a primary and secondary market? Why do bond prices go down when interest rates go up?

Reviews

Write a Review

Business Management Questions & Answers

  Five general principles of prescription

1. Write down the five general principles of prescription in your own words? 2. What are the things a researcher should do and keep in mind while taking consent from an individual for research and innovative treatment?

  Codes of ethics-ethics officers-formal controls-ethics audit

Pick one of the following terms for your research: Compliance, codes of ethics, ethics officers, formal controls, or ethics audit.

  Establishing appropriate standards for document creation

It is not necessary to focus on the organisation's information, budget, resources and technology requirements when establishing appropriate standards.

  Hacker harry breaks into the cloud server and steals

Which of the following attack scenarios will compromise the privacy of her data?

  Spokesperson for the cereal maker kellogg

Exam II, part IAt a time when demand for ready-to-eat cereal was stagnant, a spokesperson for the cereal maker Kellogg's was quoted as saying, " . . . for the past several years, our individual company growth has come out of the other fellow's hid..

  Requirements and qualifications for native american contract

Native-owned small businesses are usually required to meet certain minimally required standards and requirements to qualify for awards under government contracts. These Native owned businesses may not necessarily be set aside and certified by the Sma..

  The social influences on consumer behavior

What are some of the social influences on consumer behavior? What are some of the behavioral influences on organizational buying?

  What issues are at stake with net neutrality

What issues are at stake with net neutrality if somebody is for it and how one can analyze the interests with respect to supply and demand concept in a nonmarke

  Draft the contract between automart and lisa

Draft the contract between AutoMart and Lisa, providing all the usual provisions as discussed in class. Does Lisa have any remedies? If so please discuss in detail by pointing to the law as well as the factual issues.

  Problem regarding the comparative advantage

Initially, both Australia and the US spent half a day producing ethanol and half a day producing wheat. However, they now decide to specialise in producing the product that they have a comparative advantage and trade their products in the world ma..

  Relationship between wages-age and full-time employment

Suppose you have information on which of the 13 randomly selected teenage workers in the fast-food industry worked part-time and which worked 48 full-time.

  Differences between systematic risks and unsystematic risks

Explain the differences between systematic risks and unsystematic risks. discuss two sources of systematic risks and two sources of unsystematic risks.

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