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1 answer:
If the sales representative is able to get 20% of the prospective customers to subscribe, the maximum expected number of subscriptions per week is 34. If the sales representative earns $3 per subscription in addition to daily wages, the minimum expected value of the extra income per week is $94.20.
For the first answer, refer to the attached solution. Add the data each week, then multiply the sum by 20% to find out which has the maximum expected number of subscriptions.
For the second answer, the minimum expected value in week 2 multiplied by $3 to get the minimum expected value of the extra income in that week.
For the first answer, refer to the attached solution. Add the data each week, then multiply the sum by 20% to find out which has the maximum expected number of subscriptions.
For the second answer, the minimum expected value in week 2 multiplied by $3 to get the minimum expected value of the extra income in that week.
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