Answer:
74.64%
Explanation:
Average sales (μ) = 50 hot dogs
Standard deviation (σ) = 7 hot dogs
In a normal distribution, the z-score for any given number of hot dogs sold, X, is determined by:
For X = 45 hot dogs:
For X = 65 hot dogs:
A z-score of -0.7143 falls in the 23.75th percentile of a normal distribution while a z-score of 2.1429 falls in the 98.39th percentile.
Therefore, the probability that he vendor will sell between 45 and 65 hot dogs is:
Answer:
For the answer to the question above asking if Mark and his friends regularly buy hot dogs from Jeff’s cart. Recently, Andrea opened a business selling two-for-one hamburgers near Jeff’s cart. What will be effect on Jeff’s hot dog cart?
Explanation:
the answer is, the demand for his hotdogs will decrease because he will have competitors.
Answer:
MOS( in %) = 20%
Explanation:
<em>Margin of safety (MOS) determines the amount by which expected sales exceeds the break-even point (BEP). </em>
MOS can be calculated as follows:
MOS (units) = Budgeted sales - BEP
BEP= Fixed cost for the period / contribution per unit
Contribution per unit = Selling price - variable cost per unit
Contribution per unit = $10 - $5 = $ 5
BEP (units) = 100,000/ 5= 20,000
MOS (in units) = 25,000 - 20,000 = 5000 units
Margin of Safety as a %
(5000/25,000 ) × 100= 20
%
MOS( in %) = 20%
The roles of these professional associations have been variously defined: "A group of people in a learned occupation who are entrusted with maintaining control or oversight of the legitimate practice of the occupation;"[1]also a body acting "to safeguard the public interest;"[2]<span> organizations which "represent the interest of the professional practitioners," and so "act to maintain their own privileged and powerful position as a controlling body."</span><span>[2]</span>
International trade affect consumers such that B. Consumers have access to a greater variety of goods and services from other countries. Trade exists from one country to another and opens the goods of one country to another country. In this regard, consumers can enjoy a wider array of goods which they can use in their daily lives
