Answer:
The probability that 2 or 3 customers will arrive in a 15-minute period is 0.4703
Explanation:
Firstly, we have to determine the segment unit, since the mean is 10 per hour, the segment unit is 1 hour.
The mean(m) = 10
since the period is 15 minutes = 0.25 hour, t= 0.25 hour / 1 hour. Therefore mt= 2*10 = 2.5
The poisson distribution formula P(x) = 
Therefore the probability that 2 or 3 customers will arrive in a 15-minute period
P(x=2) or P(x=3) = P(x=2) + P(x=3) =
= 0.2565 + 0.2138 = 0.4703
Therefore P(x=2) or P(x=3) = 0.4703
The probability that 2 or 3 customers will arrive in a 15-minute period is 0.4703
Answer:
60 percent
Explanation:
Contribution margin refers to the revenue a firm derives after deducting the variable cost it has incurred.
Contribution margin = Sales - Variable costs
Contribution margin or contribution to sales ratio represents the percentage of contribution a firm earns from the sale of it's output.
It is represented mathematically as,
= 
Also, contribution margin ratio = 100 - variable cost ratio percentage.
Hence, contribution margin for three departments would be:
A = 100 - 30% = 70%
B = 100 - 40% = 60%
C = 100- 50% = 50%
This represents if sales revenue is 100, contribution margin earned is 70, 60 and 50 under three cases.
Since sales revenue in all three departments is the same, let us assume the sales revenue of a department as y.
Thus, weighted average contribution margin would be, 60 percent
Answer: Coca-cola
Explanation:
Coca-cola as a soft drink has dominated the world since the 20th century but faces competition against drinks from other companies such as Pepsi and RC Cola.
In other to keep up their competitive edge and sell to more customers, the embark on extensive marketing campaigns that are catchy and memorable.
Coca-cola has also been differentiated over the years by introducing various flavors that are meant to appeal to different segments in the market such as Diet Coke, Coca-Cola Zero Sugar, Coca-Cola Cherry and Coca-Cola Vanilla.
If the internet makes it easier for sellers to find buyers and makes it easier for buyers to learn about the products that are available for sale, we would expect that the benefits of trade will rise.
<h3>How internet has helped buyers?</h3>
- Everything is more convenient for the buyer when they have access to the internet.
- They have the freedom to read and think at their own pace.
- Customers are discovering a variety of methods to interact with brands and explore their goods and services because to the internet's nearly universal accessibility on a wide range of devices.
- Prospects are now better informed, so sales representatives who can move rapidly can turn leads over more quickly.
- Organizing sales teams has become simpler thanks to technology.
- CRM systems simplify the sales process and enable information sharing among teams, building a stronger team and ultimately increasing sales.
Learn more about CRM systems here:
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The middle income group is at the place where they do not have to struggle to meet ends meet, but their standard of living is not particularly different from the people from lower income family (low income earning is below $25,000 while middle income earning is above $35,000)
But that's being said, the difference of taxation between middle and lower tax could suprass 10% + additional $ 4,000.
So households in lower end of middle income would fall straight to low income earners after the taxation