Answer:
Option "D" is the correct answer to the following statement.
Explanation:
In this situation seller is a monopolist, he would charge the highest amount for his Goods or service, 40% of the total population will pay $2,000 for particular goods and services.
He is a monopolistic seller, so people will have to buy and Consume particular goods from him.
Profit For each beg should be highest if he sells his item at $2,000 each
Total Profit = Sales price - Cost
= $2,000 - $600
= $1,400
Because in <u>accumulation of wealth, older people have an advantage</u>.
Explanation:
Older people tend to have more money simply because:
<u>1. they have had longer careers and hence are expected to have better salaries with better positions</u>
<u>2. they have had more time to save up capital and invest.</u>
Every age group chronologically is more able to collect money in their working years. Young people starting their careers are less likely to be able to accumulate wealth to have a worth that much.
First, calculate for the number of fans that would come to the event in their own vehicle. This is calculated by multiplying the number of fans by the percentage.
N = (70,000 fans)(0.60) = 42000
The number of vehicles is calculated by dividing the answer obtained above by 2.
n = (42000) / 2 = 21000
The number of vehicles in the satellite parking is the difference of 21000 and 9000 which gives us an answer of 12000. Since each satellite parking will accommodate 1500, dividing 12000 by 1500 is 8.
ANSWER: 8 satellite parkings
<span>Kathy’s
role in the group discussion is what we called Discussion leaders. Discussion
leaders have a very important role during discussion. She must inform the group
of what to expect in the discussion and give the members time to contribute
ideas in the discussion. </span>
Answer:
a. What is the expected value of unit sales for the new product? (Do not round intermediate calculations and round your answer to the nearest whole unit.)
Possible Market Reaction Sales Units Probability Expected sales
Low response 20 .30 6
Moderate response 35 .20 7
High response 50 .20 10
<u>Very high response 90 .30 27 </u>
Total 50 units
b. What is the standard deviation of unit sales? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
mean = (6 + 7 + 10 + 27) / 4 = 12.5
variance = {[0.30 x (20 - 50)²] + [0.20 x (35 - 50)²] + [0.20 x (50 - 50)²] + [0.30 x (90 - 50)²]} / 4 = (270 + 45 + 0 + 480) / 4 = 795 / 4 = 198.75
standard deviation = √198.75 = 14.10 units
