Answer with explanation:
A salesperson can use probability to get an idea of his business as using probability he can estimate his sale of the next month as well, based on the present and previous months sales.
It can help him sort issues or errors he is facing in his business as he will get a complete idea of his business using probability.
Moreover, he can forecast future sales by using a technique which involves assigning percentages or weighting benchmarks in sales cycle, so that he can estimate the expected revenue generated.
For example:
A supermarket sales person can assign probabilities to benchmarks in sale cycle as providing needs analysis (25 % probability), adding new product (50%Probability) , Remove a product ( 75 % probability), closing sale (100% Probability) . If these probabilities are large, then forecast model can be objective.
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So just like that by assigning probabilities to benchmarks, a sales person can forecast future sales
Answer:
Probability can be used to help a sales person forecast future sales best my showing the likelihood of a certain event occurring. The sales person can then plan around the events that are deemed to be the most likely to occur.
Explanation:
100%Attempt 1 Complete
The required probabilities are .
Given:
Pennies = 65
Nickels = 27
Dimes = 30
Quarters = 18
To find:
The probability of each.
Solution:
The probability formula:
Total number of coins:
The probability of selecting Pennies is:
The probability of selecting nickels is:
The probability of selecting dimes is:
The probability of selecting quarters is:
Therefore, the required probabilities are .
Learn more:
-3x-2y=-12 by substitution
Answer: x = 0.25, y = 5.625 or (, )
Step-by-step explanation:
To solve by substitution, we will first isolate one of the variables in one of the given equations.
-7x - 2y = -13 ➜ y = -3.5x + 6.5
Then, we will substitute this into the other given equation and solve for x.
-3x - 2y = -12
-3x - 2(-3.5x + 6.5) = -12
-3x + 7x - 13 = -12
4x = 1
x = 0.25
Lastly, we will substitute this value of x into the equation we solved for to find y.
y = -3.5x + 6.5
y = -3.5(0.25) + 6.5
y = 5.625
WILL GIVE BRAINLYST
Answer:
B. $13.75.
Step-by-step explanation:
To find the bill for lunch before the tip was added, we can set up an equation using the given information.
Let's assume the bill for lunch is represented by the variable "x".
We know that Mrs. Chin paid a 20% tip on the bill, which is equivalent to 0.20x.
According to the question, the tip amount is $2.75.
So we can write the equation as:
0.20x = $2.75
To solve for x, we need to isolate it.
Divide both sides of the equation by 0.20:
x = $2.75 / 0.20
Simplifying this gives us:
x = $13.75
Therefore, the bill for lunch before the tip was added is $13.75.