#### webster111

##### New member

- Joined
- Feb 19, 2019

- Messages
- 3

I require some direction on this question please. I see no level of significance % and not sure how to tackle this question. Thank you.

Suppose you are offered an opportunity of sharing a small stand at a trade fair. The service provided by the stand is to assist job seekers in securing employment. The cost of the stand will be $5000, the cost of promotional material will be $500, and the partners include a cost of $300 for their time. The organizers of the fair claim that the likely number of inquiries will average out at 3000. Past experience has given a conversion rate of 5% of inquiries into actual jobs, and the partners work on an average profit of $50 per job. Assume that the inquiries are normally distributed with a standard deviation of 300. Would you take up the offer? Show details of your calculations

Thank you.

Suppose you are offered an opportunity of sharing a small stand at a trade fair. The service provided by the stand is to assist job seekers in securing employment. The cost of the stand will be $5000, the cost of promotional material will be $500, and the partners include a cost of $300 for their time. The organizers of the fair claim that the likely number of inquiries will average out at 3000. Past experience has given a conversion rate of 5% of inquiries into actual jobs, and the partners work on an average profit of $50 per job. Assume that the inquiries are normally distributed with a standard deviation of 300. Would you take up the offer? Show details of your calculations

Thank you.

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