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Do a Memorandum directed to your faculty answering the questions below. Based on the 2-by-2 contingency table to determine the total number of people who
Do a Memorandum directed to your faculty answering the questions below.
Based on the 2-by-2 contingency table to determine the total number of people who fail the diagnostic test, which represents the target market for hearing aid sales from Assignment 2 and the information from the case study, calculate:
- How many people will buy the hearing aids?
- How much the clinic will make on hearing aid sales to those people based on the
Hearing aid sales mix Hearing Aids | Unit Price | Sales (show the calculations) | Mix |
Low-end | $1,000 | 40% | |
Mid-range | $2,500 | 50% | |
High-end | $4,000 | 10% | |
Total | 100% |
- Calculate how much the clinic will expense on the staffing (HINT: you need to calculate the number of employees and the time worked first).
- Discuss if it might be a good idea to conduct the Fair and follow up appointments considering the amount of money made and the expense for staffing.
- What other potential considerations could influence the marketing department final recommendation?
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