Answer:
Option 1



Option 2



Explanation:
Given


Required
The mean, mode and standard deviation of both options
Option 1
<u>Calculate mean</u>




<u>Calculate mode</u>

Because it has a frequency of 4 (more than other element of the dataset)
<u>Calculate standard deviation</u>




Option 2
<u>Calculate mean</u>




<u>Calculate mode</u>

Because it has a frequency of 5 (more than other element of the dataset)
<u>Calculate standard deviation</u>



Answer:
The average cost at a caseload of 25 attempted placements per month is 105.
Explanation:
The total cost function given in the question first correctly stated as follows:
TC = 25Q^1/2 + 2,500 ................ (1)
A caseload of 25 attempted placements implies that:
Q = 25
Substitute Q = 25 into equation (1), we have:
TC = (25 * 25^(1/2)) + 2,500 = 2,625
The average cost (AC) can now be calculated as follows:
AC = TC / Q = 2,625 / 25 = 105
Therefore, the average cost at a caseload of 25 attempted placements per month is 105.
Answer:
Average Customer Retention rate = 80%
Average Value of Sales per year per customer = $120
Average customer acquisition cost = Customer acquisition oriented market expenses per month/
number of new customers acquired per month
Average customer retention cost = $75
CLV =[1/(1- Average customer retention rate)] x (average value of sales per year per customer)-(average customer acquisition cost + average customer retention cost)
![= [1/(1-0.8)] x 120-(40+75)](https://tex.z-dn.net/?f=%3D%20%5B1%2F%281-0.8%29%5D%20x%20120-%2840%2B75%29)
=$485
A) Average customer retention rate =90%
B) Average value of sales per year per customer = $125
C) Average customer acquisition cost =$60
D) Average customer retention cost =$100
CLV = [1/(1- Average customer retention rate)] x (average value of sales per year per customer)-(average customer acquisition cost + average customer retention cost)
![= [1/(1-0.9)] x 125 - (60+100)](https://tex.z-dn.net/?f=%3D%20%5B1%2F%281-0.9%29%5D%20x%20125%20-%20%2860%2B100%29)
E) Customer Lifetime Value = 1090
Explanation:
Here are the spreadsheets.
If yesterday's price was the regular price then the equation $217=62%x can be used to solve for x. so x = $217/0.62=$350. To check the answer, multiply $350 by 0.62 = $217. In other words, x is the unknown regular price so 0.62 times x = $217 and then cross multiplying means dividing $217 by 0.62, to get the answer.