Question
Jessica presently has five accounts, and her manager is considering assigning her three more accounts. The new accounts would bring potential volume to her business,
Jessica presently has five accounts, and her manager is considering assigning her three more accounts. The new accounts would bring potential volume to her business, and some of her present accounts have potential for growth as well. If she achieved her expected additional volume in all accounts, by what percentage would she increase her totalvolume?
Complete the table below.
1 | 2 | 3 | 4 | 5 |
Account Number | Existing Volume | Potential Additional Volume | Probability of Getting Additional Volume | Expected Value of Additional Volume |
1 | $10,000 | $17,000 | 0.54 | $9180 |
2 | 31,000 | 0 | ||
3 | 22,000 | 16,000 | 0.16 | 2560 |
4 | 33,000 | 0 | -- | |
5 | 11,000 | 5000 | 0.36 | nothing |
6 | 0 | 30,000 | 0.07 | nothing |
7 | 0 | 23,000 | 0.88 | nothing |
8 | 0 | 47,000 | 0.77 | nothing |
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