Problem 6-53

# Problem 6-53 - SOLUTION Since 70 of the time range of sale...

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SOLUTION Since 70% of the time, range of sale is 2900-3100. So, weekly sales is calculated as below :- Sales Prob Sales Prob Sales Prob 3000 0.3 900 3000 0.3 900 3000 0.3 900 2900 0.7 2030 3000 0.7 2100 3100 0.7 2170 Weekly sales : 2930 Weekly sales : 3000 Weekly sales : 3070 Calculation of profit :- Reports produced : 3000 3000
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Unformatted text preview: 3100 Revenue : 1025500 1050000 1074500 Cost 45000 45000 46500 Proft : 980500 1005000 1028000 Conclusion :-Sales * Prob Sales * Prob Sales * Prob We see that the proFt is higher when 3100 reports is produced. Hence, 3100 weekly sales report should be produced....
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• Spring '16
• N/A
• Sales, Years in the future, 3rd millennium, Centuries in the future, weekly sales

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