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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: $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






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