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DedPeter [7]
1 year ago
14

ane is planning to offer a Groupon for inner tube rentals that she will distribute on hot, sunny, summer days by the river that

runs through her town. Based on her past experience with Groupon, she has assigned the following probability distribution to the number of tubes she will rent on a randomly selected day. If Jane would like her expected revenue to be at least $300 per day, what should the Groupon price be? (Round your answer up to the nearest whole dollar amount.)
Business
1 answer:
sweet [91]1 year ago
6 0

Probability assigned:|

x 30 60 120 180

P(x) .10 .40 .40 .10

Answer:

Jane

Price of Groupon for a revenue of $300 is:

$3

Explanation:

a) Data and Calculations:

Expected Sales volume:

Number of Tubes  x   30     60      120     180

Probability P(x)           .10     .40      .40      .10

Expected values          3      24       48       18

Total = 93 tubes

Groupon price = $300/93 = $3.23

b) Jane's price for each Groupon will be the rent revenue per day divided by the expected number of tubes to rent daily.  The expected number of tubes is derived by multiplying each expected number of tubes by its probability and then summing up the results.

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Sampling error occurs when a sample somehow does not represent the target population.

Answer:

Statement  (A) is true

<u>Explanation:</u>

Sample means a small group selected from a large group.The large group from which a sample is selected is called the population.Basically a sample is selected to draw conclusions regarding population because it is not possible to study the entire sample.But if sample sample does not represent the target population then our conclusions will not be accurate.This will give rise to sampling errors.

If occurs when sample is biased.So we need to be very careful while selecting a sample.It must represent the entire population not just a part of population.

Sampling error can be reduced by increasing the size of population,dividing population in groups,select appropriate population.

Sampling error occur when population is not correct as per our requirement,or when sample is selected randomly.It may also occur when sample selected does not respond ,at that time it becomes difficult to draw conclusions regarding population.

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A fifteen-year adjustable-rate mortgage of $117,134.80 is being repaid with monthly payments of $988.45 based upon a nominal int
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Answer:

Using an excel spreadsheet I prepared an amortization schedule. For the 61st payment, the interest rate is increased from 0.5% to 0.625% monthly.

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As you can see, the interest amount for the 61st payment increases, while it had been decreasing previously.

Download pdf
3 0
1 year ago
Suppose that you inherited some 2.25% US Treasury bonds from your grandfather that mature in 2027. Although they were originally
zubka84 [21]

Answer:

we will sell bond and invest for better investments

Explanation:

we know here that Yield on Treasury Bond of Grandfather =  2.25%

so we believe interest rate will be continue for rise

Bond are valued = $950

so we  the Bond and invest the proceed for better interest rate

and

we know  Grandfather bond price will be decrease if rate increase as that we predict

because we know  Bonds prices and the interest rate is inversely proportional to the each other

so as that  if interest rate increases Bonds prices will be decrease

and the Vice Versa

so that we will sell bond and invest for better investments

because here if once the interest rate increase then he will selling point regarding for Bond and price will be fall

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Joy is a supervisor over Elias. She repeatedly solicits sexual behavior from Elias and does other inappropriate actions that a r
SVEN [57.7K]

Answer: C) guilty of hostile work environment sexual harassment.

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Sexual harassment is a term used to describe any action taken to solicit for sex,sexual behaviour or touch the private parts of others in embarrassing manner. THE ACTIVITIES OF JOY MAKING HER TO SOLICIT SEXUAL BEHAVIOUR FROM ELIAS IS A SEXUAL HARASSMENT AND WHEN PROVEN IN THE COURTS SHE SHALL BE FOUND GUILTY.

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1 year ago
Which of the following environments will be LEAST conducive to fraud? a. Perceived inequalities in the organization and inadequa
egoroff_w [7]

Answer:

The answer is C. Proactive management

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Proactive management looks ahead. They are not reactive. They envisage problems before it occurs. They institute or set up internal controls which will not be conducive to fraud. Internal controls like segregation of duty, dual control, authorization etc.

But in an organization where perceived inequalities are rife, employees will tend to play fast because they are not satisfied.

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High employee turnover too can lead to fraud because staffs know they wont stay too long.

4 0
1 year ago
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