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November 26, 2014

Homework Help: probability

Posted by adiba on Tuesday, August 28, 2012 at 2:41pm.

jessica Lasda an educational publisher presently have five accounts and her manager is considering assigning her three more accounts .the new accounts would bring potential volume to her business
Then I have a 6 column table which iam writing in 6 different lines
1 column account number 1 2 3 4 5 6 7 8
2 column EXISTING VOLUME $10,000 30,000 25,000 35,000 15,000 0 0 0
these are the values of 8 different account numbers
3rd column POTENTIAL ADDITIONAL VOLUME 10,000 0 15,000 0 5,000 30,000 25,000 45,000
4th COLUMN PROBABILITY OF GETTING ADDITIONAL VOLUME .40 --- .20 --- .30 .10 .70 .60
5th COLUMN EXPECTED VALUE OF ADDITIONAL VOLUME $4000 ---- 3000 ---- 1500 3000 17500 27000
6TH COLUMN EXISTING VOLUME PLUS EXPECTED VALUE OF ADDITIONAL VOLUME $ 14,000 30,000 28,000 35,000 16,500 3000 17500 27000
A. IF Jessica achived her expected additional volume in all accounts what would be the total volume of all her accounts.
B IF Jessica achived her expected additional volume in all accounts by what percentage would she increase her total volume

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