How many urban and suburban families should trendex

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Reference no: EM131123414

MARKET RESEARCH Trendex, a telephone survey company, has been hired to conduct a television-viewing poll among urban and suburban families in the Los Angeles area. The client has stipulated that a maximum of 1500 families is to be interviewed. At least 500 urban families must be interviewed, and at least half of the total number of families interviewed must be from the suburban area. For this service, Trendex will be paid $6000 plus $8 for each completed interview. From previous experience, Trendex has determined that it will incur an expense of $4.40 for each successful interview with an urban family and $5 for each successful interview with a suburban family. How many urban and suburban families should Trendex interview in order to maximize its profit?

Reference no: EM131123414

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