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Scenario for Questions 1-5: given the data below complete the Expected Profit per Customer and answer each of the 5 questions.
Scenario for Questions 1-5: given the data below complete the Expected Profit per Customer and answer each of the 5 questions.Car % Sold Per Sale Profit Per Sale VW Golf 25% $1,000 Saab 15% $2,000 Mercedes 35% $12,000 Jaguar 25% $1,200 BMW 10% $400 Sum 110% 1. What is the expected profit for a VW Golf? Choose the correct value from the choices given below.(Points : 8) VW Golf: $350VW Golf: $250VW Golf: $450VW Golf: $5502. What is the expected profit for a Saab? Choose the correct value from the choices given below.(Points : 8) Saab: $550Saab: $450Saab: $300Saab: $3503. What is the expected profit for a Mercedes? Choose the correct value from the choices given below.(Points : 8) $4200$1200$1000$45004. What is the expected profit for a Jaguar? Choose the correct value from the choices given below.(Points : 8) $150$300$750$5005. What is the expected profit for 500 customers? Choose the correct value from the choices given below.(Points : 8) Expected profit for 500 customers: $2,545,000Expected profit for 500 customers: $1,750,000Expected profit for 500 customers: $2,225,000Expected profit for 500 customers: $2,285,000
