Suppose a company did $3,000,000 in annual maintenance in 2013 and expects 85% of those to renew for 2014. Suppose that product
1 answer:
Answer:
In year 2013 annual maintenance done = $ 3,000,000
Out of this 85% is expected to renew in 2014 = = $2,550,000
Now Sales in 2013 = $3,000,000
60% of these sales = = $1,800,000
Now out of this 60%, 20% annual maintenance was expected to be paid
In 2014 = = $360000
So, Total annual maintenance in 2014 =
= $2,910,000
You might be interested in
Answer:
c. A two-tailed test should be performed since the alternative hypothesis states that the parameter is not equal to the hypothesized value.
Step-by-step explanation:
Let p1 be the average score on a final exam who texted on a regular basis during the lectures for a particular class
And p2 be the average score on a final exam who did not texted at all during the lectures for a particular class
According to the Cameron's point of interest, null and alternative hypotheses are:
p1 = p2
p1 ≠ p2
Two tailed test should be performed since the alternative hypothesis states that the parameter is not equal to the hypothesized value.