Company employ to maximize the expected profit

Reference no: EM131128948

If a company employs n salespersons, its gross sales in thousands of dollars may be regarded as a random variable having a gamma distribution with α = 80√n and β = 2. If the sales cost is $8,000 per salesperson, how many salespersons should the company employ to maximize the expected profit?

Reference no: EM131128948

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