Explanation and answer:
If if the possible outcomes are xi, and the corresponding probability is pi, where i is one of the N events, then the expectation [E] is given by
[E] = sum (xi*pi)
In the given case, n= frequency of the event, N=50=total number of events
i n xi pi n*xi*pi
1 40 0 40/50 40*0*40/50 = 0
2 8 20 8/50 8*20/50 = 3.20
3 1 100 1/50 1*100/50 = 2.00
4 1 500 1/50 1*500/40= 10.00
Total (expected gross winning) = 15.20
Person has already paid $10,
so the expected net winning = 15.20 - 10 = 5.20
b) the footing of the debits exceeds the footing of the credits.
<span>The recession of 2007minus 2009 began in December 2007, with the end of the economic expansion that had begun in November 2001.
The employment decline experienced during the December 2007 June 2009 recession was greater than that of any recession of recent decades. 47 months after the start of the most recent recession (November 2011), employment was still over 4 percent lower than when the recession began.</span>
Available options:
A. determine the sequence in which customers will be called on.
B. use existing transportation facilities.
C. minimize non-selling time.
D. determine duration of sales calls.
E. provide salespeople with an opportunity to plan their own routes and schedules
Answer:
Option C. Minimizing non-selling time.
Explanation:
The reason is that sales reps must lower their non selling time as this makes them inefficient for the company and would also increase their loss of time and commission. So every sales representative acknowledges his primary goal to decrease the non selling time which means he is trying to make sale.
