According to a 2010 Harvard business school study, some product sales can increase by 20% as a result of celebrity endorsements.
<h3>What do you mean by business?</h3>
Business refers to the activity of making money by producing or selling or buying goods and services.
As per a 2010 Harvard business school study, some product sales can increase by 20% as a result of celebrity endorsements.
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Answer:
$2.28
Explanation:
You're now worried that the Veggie Burger may not be much of a profit-maker, so you decide to calculate its' Contribution Margin. You know that it costs you $4.67 to serve that burger. The menu price is $6.95. What is the Contribution Margin for the Veggie Burger
The contribution margin is the selling price- variable costs.
For veggie Burger,
selling price is $4.67
The variable cost is $6.95
Contribution margin is
= $6.95 - $4.67
=$2.28
Answer and Explanation:
c. appear in mature industries where demand is relatively constant and predictable
Answer:
And we can find this probability using the complement rule and excel or a calculator and we got:
Explanation:
Previous concepts
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".
Solution to the problem
Let X the random variable that represent the rating score of a population, and for this case we know the distribution for X is given by:
Where
and
We are interested on this probability
And the best way to solve this problem is using the normal standard distribution and the z score given by:
If we apply this formula to our probability we got this:
And we can find this probability using the complement rule and excel or a calculator and we got: