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The publishers of a business magazine are running a sales promotion for their weekly magazine. The number of prospective customers a sales representative sees per day varies from 1 to 40. The table sh
The publishers of a business magazine are running a sales promotion for their weekly magazine. The number of prospective customers a sales representative sees per day varies from 1 to 40. The table shows the simulated data of the number of prospective subscribers approached by a sales representative for 8 consecutive weeks.
If the sales representative is able to get 20% of the prospective customers to subscribe, the maximum expected number of subscriptions per week is 32 33.6 34 35.4 . If the sales representative earns $3 per subscription in addition to daily wages, the minimum expected value of the extra income per week is $93.60 $94.20 $96.40 $97.80 .
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