Hopefully, someone is able to assist with these problems

munications media is the most effective method to reach the consumers. Chuck Optico management that 60% of the purchasing agents in the target industries would be aware of the Atwood, Optico Corporation's sales manager, recently concluded a six-month advertising campaign which featured a series of ads in major business periodicals. The firm's advertising agency assured questioned could remember seeing any of the ads. Should Optico undertake a more detailed (and Pat Lowe, general manager of Chicago Foundries, is facing a difficult situation. Her plant is currently campaign. At a recent sales convention, only 4 of the 10 purchasing agents whom Chuck Atwood currently is. Lowe recently received an invitation to bid on another government contract of the same become upset with their working conditions and you wonder if they are slowing down to retaliate. You government contracts, either of which would bring the plant up to capacity. However, if she were to Telephone sales operators make on the average 1 call every 10 minutes. Recently, operators have nature and magnitude as the two she currently has bids on. She is unsure whether she should bid. has convinced her that she has received contracts of this nature 20 percent of the time. Advise Ms. She would prefer to operate at 60 percent capacity than to receive all three bids. Past experience operating at 60 percent of optimal capacity and is losing money. She has submitted bids on two Binomial or Poisson distribution, just state that it is an unknown distribution) and for each situation justify your Any profit-maximizing firm would like a larger share of the market. The advertising campaign in observe one operator who has made no calls in the past 50 minutes. Assume that the average of 1 call every 10 minutes has not changed. What is the probability that no calls would have been made model the situation is Binomial, Poisson, or some other distribution (you do not need to identify this if it is not PROBLEMS --PARTIAL receive both, she would have to subcontract one of them and would be no better off than she For the following three business situations please identify whether the probability distribution to be used to choice of the probability distribution. ( You are not required to solve these problems) (2 + 2 points) expensive) study of the advertising agency's claim? Why? uq no9 andl eau van in the past 50 minutes? different commun Lowe. nwo N 3