Fees for other services are to be negotiated separately

Assignment Help Operation Management

Reference no: EM131034471

Suppose that a researcher is in discussion with a client to undertake a telephone interview survey for a particular topic. An agreement is made for the client to pay the researcher a flat $20,000 for data collection part only (fees for other services are to be negotiated separately). According to the agreement, the client expects a level of 95.44% confidence in the results with a 4% level of tolerable sample error. The researcher arranges to subcontract the telephone survey to a field services firm. The negotiated payment to the field services firm will be $10 per usable response. How much profit (if any) will the researcher make from the data collection part of the survey? Begin your answer with that amount. Then briefly describe how you determined your response. (Credit will be awarded for clarity of exposition.)

Reference no: EM131034471

Questions Cloud

Provide an explanation of the evolution of OPD : Provide an explanation of the evolution of OPD, highlighting how it has developed to meet the needs of business/organizations in today's complex and changing world. Provide specific examples as relevant, and provide links to businesses that illustrat..

Modern supply chain with traditional distribution channels : Compare the concept of a modern supply chain with more traditional distribution channels. Be specific regarding similarities and differences. References

What is average defection rate for grocery store shoppers : What is the average defection rate for grocery store shoppers in a local area of a large city if they spend $50 per visit, shop 52 weeks per year, the grocery store has a 16% gross margin, and the value of a loyal customer is estimated at $2,000 per ..

Determine the average value of a loyal customer : A computer manufacturer has a 75 percent customer retention rate. Their accounting department estimates the incremental contribution to profit and overhead as 40 percent. Customers purchase computers every three years at an average cost of $1,500.00...

Fees for other services are to be negotiated separately : Suppose that a researcher is in discussion with a client to undertake a telephone interview survey for a particular topic. An agreement is made for the client to pay the researcher a flat $20,000 for data collection part only (fees for other services..

Group of individuals displayed negative emotions : Give examples in Scripture where an individual or group of individuals displayed negative emotions. What led to their display of these emotions? How are their situations similar to what takes place in organizations today?

Effective integrated communications program : What is the best method of setting the health care provider’s communications budget and outline the basis of an effective integrated communications program. Explain your rationale

Religion restrictions : Give plenty of detail. Pick a religion other than your own and research what medical restrictions they may have within them. Write at least a paragraph of what religion you chose, give a citation of where you found your information, and go into detai..

Basic database queries : Utilize the concepts presented in class, query the pizza shop database in microsoft access. Create 4 queries so that meaningful information can be extracted from the database. The first query is to be based on a single table. The second query is to b..

User Account

All Pages