User Account

All Pages

The net contribution can be seen as net contribution

Assignment Help Applied Statistics
Reference no: EM13701533

For a certain product, the net contribution can be seen as Net Contribution = $500,000Q - $200,000, where Q is the market share.  The expected market share (E(Q)) is then substituted into the net contribution equation-->  E(Net Contribution) = $500,000E(Q) - $200,000.

Why can this be done?  In other words, the expected net contribution is the sum of all possible contribution values (ContValue) times their associated probability value--> E(Net Contribution) = SUM(ContValue x P(ContValue)).  Thus, the question is why does SUM(ContValue x P(ContValue)) = $500,000E(Q) - $200,000?

 

Reference no: EM13701533

Questions Cloud

Prepare an address book to save the complete information : Prepare an address book to save the complete information of the person - Define the class Address that can store a street address, city, state, and zip code. Use the appropriate methods to print and store the address.
The new machinery has been frequently failing : A microwave manufacturing company has just switched to a new automated production system. Unfortunately, the new machinery has been frequently failing and requiring repairs and service. The company has been able to provide its customers with a ..
Find the probability that the time until the first sale : An average of 8.5 cars are sold per 10-hour day on Saturdays and Sundays in January and February.  A) On the first Saturday in February, the dealership opens at 9am.  Find the probability that the time until the first sale is more than 2 hours...
Know the proper format for a null hypothesis : Know the proper format for a Null Hypothesis. Know the proper format for an Alternative Hypothesis. Know how to state a Null and Alternative Hypothesis for business situations. Know the definition of a Type I error. Know the definition of a Typ..
The net contribution can be seen as net contribution : For a certain product, the net contribution can be seen as Net Contribution = $500,000Q - $200,000, where Q is the market share.  The expected market share (E(Q)) is then substituted into the net contribution equation-->  E(Net Contribution) ..
Bob thinks he has a 50% chance of getting a job offer. : Bob thinks he has a 50% chance of getting a job offer.  Of the people who have interviewed for jobs at the company and got job offers, 95% of them had good interviews.  However, of the ones that didn't receive job offers, 75% of them had good..
Calculate the correlation between the father and mother : Calculate the correlation between the father's and the mother's years of education. Is there any sign of multicollinearity? Explain.
Description of the assignment and instructions : Using participant observation, choose two specific learning situations that can be observed during your daily activities, such as a parent teaching a child, a person watching TV, store or restaurant interactions, or on-the-job training. You mus..
Internally inconsistent and counterproductive policy : (DADT) was a compromise between the Clinton administration and its opponents in Congress and the military. Compromise sometimes yields good policy, but sometimes it produces internally inconsistent and counterproductive policy.

Reviews

Write a Review

Applied Statistics Questions & Answers

  Can anyone think of a business decision

What if the instruments are broken, not connected to anything, or just completely wrong? This is one of the primary reasons that the sequence is so important

  How to solve statistics for business and economics

Can you please show me step by step how to solve Statistics for Business and Economics, 12 edition, Case Studies: Air Force Training Program (pg. 503-504) and Wentworth Medical Center (pg. 591-592)?

  Use the approximate method

Use the approximate method

  Complete the analysis of variance

Complete the analysis of variance. At a .05 level of significance, is there a significant difference between the treatments?

  Thoughts on the value of statistics in general

Thoughts on the value of statistics in general

  Quantitative analysis for decision making

Internet and the articles database in the library for a real-life illustration of simulation. For hint, type the word "Simulation" followed by a topic of interest to you. Carefully review the search item.

  Descriptive statistics and z-scores

Descriptive Statistics and Z-scores

  The national association of colleges and employer

The National Association of Colleges and Employer

  Each produce the same type of widget

Your firm has 3 different lines that each produce the same type of widget

  Write down the regression equation

Write down the regression equation and state the R-squared value and the standard error and explain what they mean with respect to the data.

  Calculate the mean-median and standard deviation

Calculate the mean, median, and standard deviation and get statistics on the original reaction time, separately for the three stimulus types. Comment on how the means compare for the three stimulus types.

  Estimate of the variance in the electric power measurement

Calculate the ANOVA table for the model, which you have determined. What is the estimate of the variance in the electric power measurement?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd