WVTU is a television station that has 20 thirty-second advertising slots during their regularly scheduled programming each evening. The station is now selling advertising for the first few days in November. They could sell all the slots immediately for $4,500 each, but because November 7 will be an election day, the station manager knows she may be able to sell slots at the last minute to political candidates in tight races for a price of $8,000 each. The demand for these last minute slots is estimated as follows:

8 9 10 11 12 13 14 15 16 17 18 19
Probability 0.03 0.05 0.1 0.15 0.2 0.15 0.1 0.05 0.05 0.05 0.05 0.02

Slots not sold in advance and not sold to political candidates at the last minute can be sold to local advertisers at a price of $2,000.

a. If the station manager sells all the advertising slots in advance, how much revenue will the station receive?
b. How many advertising slots should be sold in advance if the station manager wants to maximize expected revenue?
c. If the station manager sells in advance the number of slots identified in the previous question, what is the probability that the total revenue received will exceed the amount identified in part a where all slots are sold in advance?

Answers

Answer 1

Answer:

a. $90,000

b. 15 advertisement slots

c. 0.53

Step-by-step explanation:

Let the purchase price of the slots, c = 4,500

The salvage value of the slots, s = 2,000

The selling price of the slots, p = 8,000

a. If the store manager sells all the advertising slots in advance, the revenue received, 'R', is given as follows;

R = The number of slots, n × The purchase price for selling immediately, c

∴ R = 20 × $4,500 = $90,000

The revenue the station will receive by selling all the advertising slots in advance, R = $90,000

b. The Cost of Overage, [tex]C_o[/tex] = Purchase price - Salvage value

∴ The Cost of Overage, [tex]C_o[/tex] = 4,500 - 2,000 = 2,500

The Cost of Underage, [tex]C_u[/tex] = Selling price - Purchase price

∴ The Cost of Underage, [tex]C_u[/tex] = 8,000 - 4,500 = 3,500

P; 0.03, 0.05, 0.1, 0.15, 0.2, 0.15, 0.1, 0.05, 0.05, 0.05, 0.05, 0.02

With help of MS Excel, we get the following cumulative frequency

F(Q); 0.03, 0.08, 0.18, 0.33, 0.53, 0.68, 0.78, 0.83, 0.88, 0.93, 0.98, 1

The expected monetary value for the decision to sell the 8th slot at the last minute is given by the following relation;

[tex]C_u[/tex] × [1 - F(Q)] - [tex]C_o[/tex] × F(Q)

Where F(Q) = The cumulative frequency for the 8th stock

Therefore, we have;

3,500 × (1 - 0.03) - 2,500 × 0.03 = 3,300

For the 8th slot, the TV station is expected to make an extra $3,300

Using MS Excel, we get;

For the 9th slot, the profit over the purchase price = $3,020

Fot the 10th slot, the profit over the purchase price = $2,420

The profit over the purchase price for the 11th slot = $1,520

The profit over the purchase price for the 12th slot = $320

The profit over the purchase price for the 13th slot = $(-580)

The 14th = $(-1,180)

15th = $(-1,480)

16th = $(-1,780)

17th = $(-2,080)

18th = $(-2,380)

19th = $(-2,500)

Therefore, to maximize profit, only the 8th, 9th, 10th, 11th, and 12th, slots which are 5 slots should be sold late while 20 - 5 = 15 slots should be sold in advance

c. The probability that the total revenue will exceed the identified amount in part 'a' is the cumulative probability at the 12th slot which is given as follows;

P(D ≤ 12) = F(12) = 0.53.

Answer 2

The probability that the total revenue will exceed the identified amount in part 'a' is the cumulative probability at the 12th slot is 0.53.

What is the probability?

Probability refers to a possibility that deals with the occurrence of random events. The probability of all the events occurring need to be 1.

Given information

The demand for these last minute slots is estimated

8 9 10 11 12 13 14 15 16 17 18 19

Probability 0.03 0.05 0.1 0.15 0.2 0.15 0.1 0.05 0.05 0.05 0.05 0.02

The purchase price of the slots = 4,500

The salvage value of the slots = 2,000

The selling price of the slots = 8,000

a. The revenue received

R = The number of slots × The purchase price of the slot

R = 20 × $4,500 = $90,000

The revenue the station will receive by selling all the advertising slots in advance, R = $90,000

b. The Cost of Overage = Purchase price - Salvage value

The Cost of Overage,  = 4,500 - 2,000 = 2,500

The Cost of Underage,  = Selling price - Purchase price

The Cost of Underage,  = 8,000 - 4,500 = 3,500

Probability 0.03, 0.05, 0.1, 0.15, 0.2, 0.15, 0.1, 0.05, 0.05, 0.05, 0.05, 0.02

Cumulative frequency

F(Q); 0.03, 0.08, 0.18, 0.33, 0.53, 0.68, 0.78, 0.83, 0.88, 0.93, 0.98, 1

The expected monetary value for the decision to sell the 8th slot at the last minute

The Cost of Underage × [1 - F(Q)] -  × F(Q)

Where F(Q) = The cumulative frequency for the 8th stock

Therefore, we get

3,500 × (1 - 0.03) - 2,500 × 0.03 = 3,300

For the 8th slot, the TV station is expected to make an extra $3,300

For the 9th slot, the profit over the purchase price = $3,020

For the 10th slot, the profit over the purchase price = $2,420

Similarly,

The profit over the purchase price for the 11th slot = $1,520

The profit over the purchase price for the 12th slot = $320

The profit over the purchase price for the 13th slot = $(-580)

The profit over the purchase price for the 14th = $(-1,180)

The profit over the purchase price for the 15th = $(-1,480)

The profit over the purchase price for the 16th = $(-1,780)

The profit over the purchase price for the 17th = $(-2,080)

The profit over the purchase price for the 18th = $(-2,380)

The profit over the purchase price for the 19th = $(-2,500)

Therefore, only the 8th, 9th, 10th, 11th, and 12th slots should be sold in advance to maximize profit.

c. The probability that the total revenue will exceed the identified amount in part 'a' is the cumulative probability at the 12th slot.

P(D ≤ 12) = F(12) = 0.53.

Learn more about probability here;

https://brainly.com/question/11234923


Related Questions

I need the answers plsss. I will mark brainiest.

Answers

Answer:

number 1 is true

Step-by-step explanation:

Please find the surface area

Answers

Answer:

so 3ft x 5ft would be 15ft for the top one or if its addition it would be 8ft

Step-by-step explanation:

FH and IK are parallel lines.

Which angles are vertical angles?

Answers

Answer:

LJ and GE

Step-by-step explanation:

Answer:

Angles IJG and KJL are vertical angles

Step-by-step explanation:

Vertical angles are formed when two lines intersect.  It's a terrible name for them, because the name has nothing to do with the common word "vertica" (up-and-down).

The attached image shows an example of a pair of vertical angles.  Another pair is angles AED and CEB.

You deposited 800 dollars in an account that pays 6% interest compounded monthly. How much will your account be worth after 10 years?

A. 276130.00
B. 849.46
C. 1456
D. 1455.52

Answers

...................................

two polynomials with a constant term of -3 with an explanation, thanks. didn't understand a thing in school.​

Answers

All this means is that you can have any polynomial as long as there is a “-3” term in it.

Examples:
x - 3
x^2 - 3
x^3 + 6x - 3

what’s the slope ? please help , due in 20 min.

Answers

Answer:

-7/3

Step-by-step explanation:

You take two ( X,Y) points and subtract them to find the slope of the line.

23-16/-6-(-3) = -7/3

A red line and a blue line bus both left the stadium at 4:00 p.m.

Red line buses were scheduled to leave the stadium every 6 minutes.

Blue line buses were scheduled to leave the stadium every 8 minutes.

if the buses run on schedule, when is the next time a red line and a Blue line bus will leave together?

Answers

Answer:

4:24pm

Step-by-step explanation:

To answer this question, we need to find the LCM (Lowest common multiple) of 6 and 8 to find out when they will leave at the same time again.

To do this we can either list all the prime factors of each one and multiply the non-common ones:

6 = 2x3

8 = 2x2x2

2x2x3 = 24

OR we can list the multiples and find the lowest matching ones:

6 => 6, 12, 18, 24, 30

8 => 8, 16, 24, 32, 40

We can see that 24 is the least common factor.

This means that both busses will leave at the same time 24 minutes after 4pm.

Therefore the next time a red line and blue line bus will leave together is 4:24pm.

Hope this helped!


Someone please help

Answers

Answer:

C

Step-by-step explanation:

It's not a since the ranges are both 7

The median of the countryside zoo is smaller than the cityside zoo so b is false.

d is incorrect since we established that the medians are different.

Find the 17th term in the sequence for which a1 = 10 and d = -3.

Answers

Answer:

56

Step-by-step explanation:

please mark this answer as brainliest

Answer:

d. -38 on edge21

Step-by-step explanation:

Now, find the difference. What is 3 1-14 6 8 1 3. 2 - 1 6 = 3 12 12​

Answers

Answer:

3 1/2 - 1 4/6= 1 5/6

Step-by-step explanation:

Find the surface area of this net.
5 cm
13 cm
8 cm
A
B
C
12 cm
28
square centimeters

Answers

Answer:

360 cm

Step-by-step explanation:

first you find the triangles which is 1/2 (8×3)=12

then multiply by 2=24

I'm not too sure what your long rectangle measurements are but

I think your long measurement is 28, so then multiply 28 by 12 which is 336. then you add that to 24 which is 360

Find the 10th term of the geometric sequence show below

Answers

Answer:

-19,6830x^26

Step-by-step explanation:

The nth term of a geometric sequence is expressed as;

Tn -= ar^n-1

a is the first term

is the number of terms

r is the common ratio

Given

a = -10x^8

r = 30x^10/-10x^8 = -3x^2

n = 10

Substitute

a10 =  (-10x^8)(-3x^2)^10-1

a10 =  (-10x^8)(-3x^2)^9

a10 =  -10x^8)(19,683)x^18

a10 = -19,6830x^26

Hence the tenth term is -19,6830x^26

The dimensions of an iPhone are x – 2 and x + 3. If the area of an iPhone is 14 square inches, find the dimensions of the iPhone

Answers

Answer:

The dimensions of the iphone are 2 inches by 7 inches.

Step-by-step explanation:

Given that,

The dimensions of an iPhone are x – 2 and x + 3.

The area of an iphone is 14 sq inches

We need to find the dimensions of the iPhone. It is in the shape of a rectangle. Its area is given by :

[tex]A=l\times b\\\\(x-2)(x+3)=14\\\\x^2-2x+3x-6=14\\\\x^2+x-6-14=0\\\\x^2+x-20=0\\\\x^2+5x-4x-20=0\\\\x(x+5)-4(x+5)=0\\\\(x-4)(x+5)=0\\\\x=4\ and\ x=-5[/tex]

Neglecting negative value

First dimension = (x-2) = (4-2) = 2 inches

Other dimension = (x+3) = (4+3) = 7 inches

Hence, the dimensions of the iphone are 2 inches by 7 inches.

Write an integer to represent the price of a stock dropping $3

Answers

Answer:

-3

Step-by-step explanation:

The integer which represents the price of a stock dropping $3 is ''-3''.

Here,

The price of a stock dropping is $3.

We have to show this number in form of integer.

What is Integers?

An integer is a whole number that can be positive, negative or zero.

Now,

The price of a stock dropping is $3.

Since, the price of a stock is drop,

Hence, it represents by ''- 3''

So, The integer which represents the price of a stock dropping $3 is ''-3''.

Learn more about the integers visit:

https://brainly.com/question/17695139

#SPJ2

PLEASE HELP ME I NEED THIS TO PASS

Answers

Answer:

65°

Step-by-step explanation:

x + 25° = 90°

x = ( 90 - 25 )°

x = 65°

x = 25, hope that helps!!

How do we find the amount of change?

Answers

Step-by-step explanation:

Bigger -smaller

hope it is helpful to you

Bigger- Smaller
I hope it’s right


How many millimeters are equal to one kilometer. Show your work

Answers

Answer:

1,000,000

Step-by-step explanation:

1mm=1e-6km

10mm=1e-5km

100mm=1e-4km

1000mm=000.1km

10000mm=0.01km

100000mm=0.1km

500000mm=0.5km

1000000mm=1km

I’ll give points + brainalist (:

Answers

Answer:

The right answer to the question is b

Answer:

B [tex]x \leq 1[/tex]

Step-by-step explanation:

Isolate the x.

[tex]-5x + 10 \geq 5\\-5x \geq -5\\x \leq 1[/tex]

The [tex]\geq[/tex] sign flipped to [tex]\leq[/tex] , because you're dividing with a negative number.

A statistician wants to know the average height of all men in the United States (US) ages 18-30. Select all the
sentences that correctly identify the population and sample.
The population is all men in the US.
The population is all men in the US ages 18-30.
The population is all people in the US ages 18-30.
A sample is a selected group of male professional basketball players in the US ages 18–30 from which their
heights were measkred.
A sample is a selected group of men from the top 50 occupations in the US ages 18-30 from which their heights
were measured.

Answers

Answer:

The answer on ed 2021

Step-by-step explanation:

B: The population is all men in the US ages 18–30.

and

E: A sample is a selected group of men from the top 50 occupations in the US ages 18–30 from which their heights were measured.

How many miles will light travel in one day if the speed of light is 300,000,000 meters per second.
(1.62 km = 1 mi)

Answers

Answer:

[tex]d=1.61\times 10^{10}\ miles[/tex]

Step-by-step explanation:

Given that,

The speed of light, v = 300,000,000

eWe need to find the distance light travel in 1 day. We know that,

1 day = 86400 seconds

Distance = speed × time

So,

[tex]d=3\times 10^8\times 86400[/tex]

[tex]d=2.592\times 10^{13}\ m[/tex]

or

[tex]d=0.001610\times 10^{13}\\\\d=1.61\times 10^{-3}\times 10^{13}\\\\d=1.61\times 10^{10}\ miles[/tex]

So, the required distance is equal to [tex]1.61\times 10^{10}\ miles[/tex].

Find YZ.


Geometry, circles.​

Answers

Answer:

YZ = 44

Step-by-step explanation:

(2x - 6) × 21 = (x + 1) × 30 => intersecting chords theorem

42x - 126 = 30x + 30

Collect like terms

42x - 30x = 126 + 30

12x = 156

12x/12 = 156/12

x = 13

✔️Find YZ:

YZ = 30 + x + 1

Plug in the value of x

YZ = 30 + 13 + 1

YZ = 44

A clown grabbed balloons of different colors. 7/10 of the balloons are orange. 1/4 of the remaining balloons are blue. • The rest of the balloons are pink. The clown grabbed 126 pink balloons. How many balloons did the clown grab?​

Answers

Answer:

The Clown grabbed 126 balloons

Step-by-step explanation:

What is the value of x?

Answers

Answer:

x = 16

Step-by-step explanation:

(8x - 16) + (3x +20) = 180

11x + 4 = 180

11x = 176

x = 16

1.
What is the solution?
y
3
-3-2-1
2 3x
O (1,2)
O (1,-1)
O 1
02

Answers

9514 1404 393

Answer:

  (d)  Infinitely Many Solutions

Step-by-step explanation:

Each point of intersection between the lines is a solution. When the lines lie on top of each other, there are infinitely many points of intersection, hence ...

  Infinitely Many Solutions

Help 16-18 thank you

Answers

Answer:

16. (80)(60) = 4800

17. (500)(600) = 300000

18. (700)(800) = 560000  a). high

Step-by-step explanation:

What is the approximate circumference of a circle that has a center at (6,2) and passes through the point (20,2)? (Use 3.14 as an approximation for pi)

answers : 126,88,63,44

Answers

Answer:

C = 88

Step-by-step explanation:

So, we know that the circle passes thru the point (20,2), and it's center is (6,2).

The general definition of a circle's radius is the distance from the center to any point on the circle!

Vertically, these points are the same - so if we just subtract 20 from 6 we know the distance between the center and this point on the circle!

[tex]20 - 6 = 14\\r=14[/tex]

Anyhow, we now know that the radius is 14. and the equation for a circle's circumference is as follows:

[tex]r2\pi \\or\\d\pi[/tex]

Insert the values into the equation....

[tex]C = 3.14(14)(2)\\C=87.92[/tex]

87.92 ≈ 88.00

Have a nice day, fam. Spread The Love <3

The ability to find a job after graduation is very important to GSU students as it is to the students at most colleges and universities. Suppose we take a poll (random sample) of 3653 students classified as Juniors and find that 3005 of them believe that they will find a job immediately after graduation. What is the 99 % confidence interval for the proportion of GSU Juniors who believe that they will, immediately, be employed after graduation. (0.812, 0.833) (0.806, 0.839) (0.81, 0.835) (0.816, 0.829)

Answers

Answer:

(0.806, 0.839)

Step-by-step explanation:

In a sample with a number n of people surveyed with a probability of a success of [tex]\pi[/tex], and a confidence level of [tex]1-\alpha[/tex], we have the following confidence interval of proportions.

[tex]\pi \pm z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]

In which

z is the zscore that has a pvalue of [tex]1 - \frac{\alpha}{2}[/tex].

Suppose we take a poll (random sample) of 3653 students classified as Juniors and find that 3005 of them believe that they will find a job immediately after graduation.

This means that [tex]n = 3653, \pi = \frac{3005}{3653} = 0.823[/tex]

99% confidence level

So [tex]\alpha = 0.01[/tex], z is the value of Z that has a pvalue of [tex]1 - \frac{0.01}{2} = 0.995[/tex], so [tex]Z = 2.575[/tex].

The lower limit of this interval is:

[tex]\pi - z\sqrt{\frac{\pi(1-\pi)}{n}} = 0.823 - 2.575\sqrt{\frac{0.823*0.177}{3653}} = 0.806[/tex]

The upper limit of this interval is:

[tex]\pi + z\sqrt{\frac{\pi(1-\pi)}{n}} = 0.823 + 2.575\sqrt{\frac{0.823*0.177}{3653}} = 0.839[/tex]

The answer is (0.806, 0.839)

In ΔMNO, o = 63 cm, n = 23 cm and ∠N=30°. Find all possible values of ∠O, to the nearest degree.

Answers

Answer:

No triangle possible

Step-by-step explanation:

The first three steps for completing the square to solve a quadratic equation are shown. What number goes in the boxes to complete the third step?

Answers

9514 1404 393

Answer:

  C.  16

Step-by-step explanation:

The x-coefficient is -8. Half that is -4. The number that goes in the boxes is the square of -4: (-4)² = 16.

_____

It can help to keep in mind what the square of a binomial looks like:

  (x -a)² = x² -2ax +a²

The coefficient of x is -2a. The constant is the square of half that (-2a/2)² = a².

Answer:

16

Step-by-step explanation:

The x-coefficient is -8. Half of -8 is -4. The number that goes in the boxes is the square of -4: (-4)² = 16.

Find the value of x in the triangle shown below.
a.x=24
b.x=135
c.x=24
d.x=12

Answers

Step-by-step explanation:

Solution given:

By using Pythagoras law

h²=p²+b²

15²=x²+9²

x²=15²-9²

x=√144=12

x=12 is your answer

Answer

Step-by-step explanation:

hope it is helpful to you

Other Questions
Find the missing side lengths. Leave your answers as radicals in simplest form. If you observe an impaired driver, a safe behavior for you would beTo follow the vehicleTo increase the amount of space between you and the other vehicle and allow the impaired driverto proceed in front of youTo pass that car as quickly as possible to get away from itTo pull beside the impaired driver and motion for him to pull over so you can offer to help him FeCI2 + Na2CO3 = FeCO3 + NaCI Balance this equation please No links 1. Consider the surface area of the pyramid shown. (a) Draw a net for the pyramid. Label all sides with measurements.(b) Write an expression for the surface area of the pyramid and then find the surface area. please help no links the screen shot has all the info about the question so please help me thanks :) how much heat is required to increase the temperature of 20 grams of water by 26 degrees celsius? PLEASE HELP ASAP!! RIGHT ANSWER WILL GET BRAINLIESTWhat is the solution to the system of equations?2x 3y = -1y x = -1(a) Use the substitution method to find the solution.(b) What do you know about the two lines in this system of equations (Hint: Do they intersect? Are theyparallel? Are they the same line?) Which of the following best explains how the historical context of the early1940s informed Stalin's rhetoric in his 1941 speech?A. The anti-communist feelings held by many American leaders ledStalin to emphasize the American values of freedom anddemocracy.B. The fact that German fascist nationalism caused World War I ledStalin to emphasize those same dangers once again.C. The differences in political values between the Soviet Union andthe United States led Stalin to emphasize the United States' lateentry into the war.D. The growing international awareness of the Holocaust led Stalin toemphasize the need for liberation at all costs. Would gasoline be cheaper for people who live near oil wells Pearson Electric Company uses the high-low method to analyze mixed costs. The following information relates to the production data for the first six months of the year. Month Cost(Y) Hours(H) January $ 7,300 260 February $ 9,125 730 March $ 7,540 410 April $ 7,485 330 May $ 9,460 980 June $ 9,030 705 How should the cost function be properly stated using the high-low method? Deborah had 3 1/4 yards of ribbon she used 3/8 of a yard for a project how much ribbon does she have left solve the equation-4(x+10)-6=-3(x-2) How can land development affect a watershed Which of the following properties can be used to show that the expression 4^5/3 is equivalent to 3 square root 4^5 Choose two subjects and write a active and passive sentence about themex. Subject: litter box, active: I clean the litter box regularly, passive: The litter box is cleaned regularly by me 1.-Una fuerza horizontal de 40 N es apenas suficiente para poner en marcha un trineo de 600 N sobre nieve compacta. Despus de empezar el movimiento se requieren tan solo 10 N para mantener el trineo a rapidez constante. Halle los coeficientes de friccin esttica y cintica The shortest pipe in a particular organ is 1.23 m.Determine the frequency (in Hz) of the ninth harmonic (at 0C) if the pipe is closed at one end.Hz (09.01 MC)In circle A shown below, the measure of BAD is 148:Circle A with angle BAD measuring 148 degrees; points B, C, D lie on Circle A.If mArc BC is 102, what is mArc CD? (3 points)Group of answer choices744696148 . Give the three dates when advancements were made in transportation