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kaheart
5 days ago
14

You are a pricing analyst for QuantCrunch Corporation, a company that recently spent $15,000 to develop a statistical software p

ackage. To date, you only have one client. A recent internal study revealed that this client’s demand for your software is Qd = 300 – 0.2P and that it would cost you $1,000 per unit to install and maintain software at this client’s site. The CEO of your company recently asked you to construct a report that compares (1) the profit that results from charging this client a single (profit-maximizing) per-unit price with (2) the profit that results from charging $1,450 for the first 10 units and $1,225 for each additional unit of software purchased. What type of pricing strategy is (1)?
Business
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In the BIG BUCKS LOTTERY, the chance of winning a $10 prize is 1%. What is your best guess about how many people would win a $10
Free_Kalibri [3773]

Answer:

The answer is 10 individuals.

Explanation:

In the Big Bucks lottery with 1,000 participants, each buying a ticket costing $10, the likelihood of winning a $10 prize is 1%. To determine how many winners there would be, the calculations are as follows:

Total Participants = 1000

Winning Probability = 1%

Thus, the expected winners for the $10 prize would be calculated as follows: 1000 * 1%

= 1000 * 0.01

= 10 Individuals.

Therefore, it is expected that 10 winners will emerge from the 1,000 participants.

5 0
3 months ago
Read 2 more answers
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