The answer to your question is 80 pounds pounds pounds
Your answers would be the first and third choice.
Answer:
Geometric
Step-by-step explanation:
A geometric setting does not have a set number of trials, and the variable in question is the number of trials it takes to get the first success.
The upgrades are independent, and the probability of the customer upgrading is the same each time.
The formula in getting the ROI or the Return on Investment is ROI = Net Profit/ Total Investment x 100. Below is the solution:
ROI = $ 75,000/$1500 x 100
ROI = $ 5 x 100
ROI = $ 500
You will then divide the $ 500 by 6 to get the ROI per year which is equals to $83.33
