Problema Solution
A sales representative makes 3 visits to customers each morning. Out of the 3 visits she will make either 0,1.3 or 3 sales. The probabilities are 0.2,0.4,0.3 and 0.1 For each sale she makes a comission of 100 What are her expected comission for one mornings visit
Answer provided by our tutors
A sales representative makes 3 visits to customers each morning. Out of the 3 visits she will make either 0,1.3 or 3 sales. The probabilities are 0.2,0.4,0.3 and 0.1 For each sale she makes a comission of 100 What are her expected comission for one mornings visit
Solution:
E(x)=100*(0*0.2+1.3*0.4+3*0.1) = 82
So her expected comission for one mornings visit is 82