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I want correct answers with explanation... I'll upvote you... The company conducts free seminar in financial planning in its catchment area to acquire new business.

I want correct answers with explanation...

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The company conducts free seminar in financial planning in its catchment area to acquire new business. Attendance is by invitation only to small select high net-worth individuals. Each seminar costs Rs. 1,35,000, and the average first-year commission for each new account opened is Rs 50,000. Historical data collected over the past four years show that the number of new accounts opened at a seminar varies from no accounts opened to a maximum of six accounts opened according to the probability distribution given below. The company wants to check whether this initiative is worth it Number of New Accounts Opened 0 2 3 5 Probability 0.01 0.04 0.1 0.25 0.4 0.15 0.05 A. Using the following 5 random numbers and simulate the number of new accounts opened for 5 seminars 0.37, 0.92, 0.03, 0.40, and 0.72 B. Would you recommend they continue running the seminars

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