Probability of paperwork not being completed for sale

Assignment Help Operation Management
Reference no: EM132214358

You own a company that employs three salespeople, Quentin, Michael and Bubba. Quentin makes 30% of the sales, Michael 45%, and Bubba 25%. While they are all competent, they do not enjoy completing the paperwork on their sales as required by the SEC. Of the sales Quentin makes, he completes paperwork 90% of the time. When Michael makes a sale, he completes the paperwork 80% of the time. WhenBubba makes a sale, he completes paperwork 85% of the time. You were recently fined by the SEC for this reason, and have instituted tough new policies on this manner.

What is the probability of paperwork not being completed for a sale?

Reference no: EM132214358

Questions Cloud

Development of strategic analysis guides all decisions : The development of a strategic analysis guides all decisions made regarding your compensation systems throughout the project.
The tailoring issue and hierarchical versus compressed pay : Discuss your recommendations on the tailoring issue and hierarchical versus compressed pay.
Determine features you prefer in laptop computer : Determine features you prefer in laptop computer. Consult computer seller’s website to discover specifications-price of laptop that meet your your requirements
Describe the attributes of the segments in your area : Describe the attributes of the segments in your area and what strategies marketers should use if they were trying to reach someone in this area.
Probability of paperwork not being completed for sale : You own a company that employs three salespeople, Quentin, Michael and Bubba. What is the probability of paperwork not being completed for a sale?
Explain all five steps in the buying decision process : List and Explain the 4 P's of the Marketing Mix. List and explain all 5 steps in the Buying decision process.
Design training session in leadership style : If you were to design a training session in leadership style, which models or ideas would you choose to include?
Makes sale and paperwork on sale is completed : What is the probability that Bubba makes a sale and the paperwork on the sale is completed?
Identify few of these shifts-including economic-demographic : Identify a few of these shifts, including economic, demographic, and ideological (belief system) examples of such.

Reviews

Write a Review

Operation Management Questions & Answers

  Seed mixture contains three types of seeds

Top grade Turf lawn seed mixture contains three types of seeds: bluegrass, rye, and Bermuda. The cost per pound of the three types of seed are 11 cents, 14 cents, and 6 cents, respectively. In each batch there must be at least 20% bluegrass seed, and..

  What does sarbanes-oxley act mean to organizations

What’s art for arts sake? Does Mao Zendong think that art for arts sake exist in reality? What does Sarbanes-Oxley Act mean to organizations?

  In creating a strategy-supportive reward structure

“In creating a strategy-supportive reward structure it is important to define jobs and assignments in terms of the results to be accomplished, not just in terms of the duties to be performed.”

  Discuss impact of this issue on well-being of their employee

Describe the problem facing the organization that's related to diversity. Discuss why this is a problem. Discuss the impact of this issue on the well-being of their employees. What are the potential ramifications if the organization doesn't correct t..

  What are the main reasons for quit the job or leaving job

What are the main reasons for quit the job or leaving the job?

  Prevention program to address the zika virus

Healthcare Manager to implement a community education and prevention program to address the Zika virus?

  What did you find interesting or surprising

What did you find interesting or surprising? What are the implications of the lecture and/or Juror Project for managers?

  Low hanging fruit refers to apparent quality problems

Low hanging fruit” refers to apparent quality problems that have existed for some time and past attempts to correct them have failed.

  About calculating the break-even point of the operation

Which is NOT true about calculating the break-even point of the operation? Productivity

  Completing the order before leaving the drive-through

How many customers on average are "in" the drive-through (i.e., from the time they enter to the time they exit the drive-through) on a typical day?

  Eliminated ahead of time or during the project duration

Discuss three issues that can deter high performance when outsourcing a project. How can these issues can be reduced or eliminated ahead of time or during the project duration? Use specific examples.

  Complete with laboratories-operating rooms-x-ray equipment

Mt. Sinai Hospital in New Orleans is a large, private, 600-bed facility, complete with laboratories, operating rooms, and x-ray equipment.

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