Question
A company is determining how many sales calls to have its sales people make. Sales calls are estimated to cost $150 each. If a sale
A company is determining how many sales calls to have its sales people make. Sales calls are estimated to cost $150 each. If a sale is made, the first 50 sales yield $1200 of revenue each, and for anything more than 50, $600 each.
The probability of a sale during each sales call is 0.15.
Create a data table to determine the optimal number of sales calls so that expected profit is maximized. Profit is defined as the total revenue from sales less the cost of the sales calls.
Provide your solution as a numerical answer for the question from which you downloaded this file.Upload the completed file for the final question.
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