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: $350

VW Golf: $250

VW Golf: $450

VW Golf: $550

2. What is the expected profit for a Saab? Choose the correct value from the choices given below.

(Points : 8)

Saab: $550

Saab: $450

Saab: $300

Saab: $350

3. What is the expected profit for a Mercedes? Choose the correct value from the choices given below.

(Points : 8)

$4200

$1200

$1000

$4500

4. What is the expected profit for a Jaguar? Choose the correct value from the choices given below.

(Points : 8)

$150

$300

$750

$500

5. What is the expected profit for 500 customers? Choose the correct value from the choices given below.

(Points : 8)

Expected profit for 500 customers: $2,545,000

Expected profit for 500 customers: $1,750,000

Expected profit for 500 customers: $2,225,000

Expected profit for 500 customers: $2,285,000

#### Top Answer

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