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Q1) Recall the Joe Ades (potato peeler salesman in NY) example that we discussed in class. Project his total annual sales using the following information

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Q1) Recall the Joe Ades (potato peeler salesman in NY) example that we discussed in class. Project his total annual sales using the following information in two different methods: a) bottom up, b) top down. (6 pts.) a) For bottom up, assume he sells, on average, 20 peelers at $5/peeler in each 'show; performing 10 shows a day, for 5 days a week, 4 weeks a month, and 8 months a year. b) For top down, assume the residents and tourists in NY is 20 million people, 2% of those NY residents and tourists see Joe Ades, 'shows, in a year, and 20% of those who see the 'show. make a purchase at $5/peeler. Page 3 of 6

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