Business, 12.03.2020 18:49 dondre54

To generate leads for new business, Gustin Investment Services offers free financial planning seminars at major hotels in Southwest Florida. Gustin conducts seminars for groups of 25 individuals. Each seminar costs Gustin $3700, and the average first-year commission for each new account opened is $5300. Gustin estimates that for each individual attending the seminar, there is a 0.01 probability that he/she will open a new account. Determine the equation for computing Gustin’s profit per seminar, given values of the relevant parameters. Round your answers to the nearest dollar. Profit = (New Accounts Opened × $ 5,300 ) – $ 3,700 What type of random variable is the number of new accounts opened? (Hint: Review Appendix 12.1 for descriptions of various types of probability distributions.) The number of new accounts opened is a binomial random variable with 25 trials and 0.01 probability of a success on a single trial. Assume that the number of new accounts you get randomly is: Simulation Trial New Accounts 1 0 2 0 3 0 4 0 5 0 6 2 7 2 8 1 9 1 10 0 11 1 12 2 13 1 14 2 15 0 16 0 17 0 18 0 19 1 20 0 21 1 22 0 23 1 24 0 25 0

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 20:10

Russell's is considering purchasing $697,400 of equipment for a four-year project. the equipment falls in the five-year macrs class with annual percentages of .2, .32, .192, .1152, .1152, and .0576 for years 1 to 6, respectively. at the end of the project the equipment can be sold for an estimated $135,000. the required return is 13.2 percent and the tax rate is 23 percent. what is the amount of the aftertax salvage value of the equipment assuming no bonus depreciation is taken

Answers: 2

Answer

Business, 22.06.2019 20:30

What talents or skills do u admire most in others

Answers: 2

Answer

Business, 22.06.2019 23:30

Sole proprietorships produce more goods and services than does any other form of business organization.

Answers: 2

Answer

Business, 23.06.2019 00:00

1. which of the following is true about how your skill set relates to a future career? (1 point) employers like to hire people with only full-time job experience. employers consider subject-specific skills for new positions. skills learned in high school should not be included. skills from part-time jobs and volunteer work may prove beneficial in future jobs. 2. which of the following is a list of broad categories of skills? (1 point) creativity, art and communications, tools and trade, literacy and language, and interpersonal skills english and literacy, tools and trade, mathematics, and creativity interpersonal skills, intrapersonal skills, writing and literacy, tools and trade, and creativity mathematics and data, words and literacy, tools and tasks, interpersonal relationships, and creativity

Answers: 3

Answer

You know the right answer?

To generate leads for new business, Gustin Investment Services offers free financial planning semina...

Questions