An educational publisher representative presently has five accounts, and her manager is considering assigning her three more accounts. The new accounts would bring potential volume to her business, and some of her present accounts have potential for growth as well. Compute the missing expected values in column 5. 1 2 Account Existing Number Volume Additional Volume $15,000 38,000 25,000 37,000 19,000 1 2 3 4 5 3 Potential $17,000 0 13,000 0 7,000 4 Probability of Getting Additional Volume 0.36 0.26 0.23 5 Expected Value of Additional Volume $6120 3380
An educational publisher representative presently has five accounts, and her manager is considering assigning her three more accounts. The new accounts would bring potential volume to her business, and some of her present accounts have potential for growth as well. Compute the missing expected values in column 5. 1 2 Account Existing Number Volume Additional Volume $15,000 38,000 25,000 37,000 19,000 1 2 3 4 5 3 Potential $17,000 0 13,000 0 7,000 4 Probability of Getting Additional Volume 0.36 0.26 0.23 5 Expected Value of Additional Volume $6120 3380
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![An educational publisher representative presently has five accounts, and her manager is considering assigning her three more accounts. The new accounts would bring potential volume to
her business, and some of her present accounts have potential for growth as well. Compute the missing expected values in column 5.
1
2
3
Account Existing Potential
Number Volume Additional Volume
1
2
3
4
5
$15,000
38,000
25,000
37,000
19,000
$17,000
0
13,000
0
7,000
4
Probability of Getting
Additional Volume
0.36
0.26
0.23
5
Expected Value of
Additional Volume
$6120
3380
C](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F80601c20-3572-48e6-a9ed-f163ced8bc6b%2Fa01bfc71-5484-42f0-acb0-2cdf940d0186%2Fg6y14x_processed.jpeg&w=3840&q=75)
Transcribed Image Text:An educational publisher representative presently has five accounts, and her manager is considering assigning her three more accounts. The new accounts would bring potential volume to
her business, and some of her present accounts have potential for growth as well. Compute the missing expected values in column 5.
1
2
3
Account Existing Potential
Number Volume Additional Volume
1
2
3
4
5
$15,000
38,000
25,000
37,000
19,000
$17,000
0
13,000
0
7,000
4
Probability of Getting
Additional Volume
0.36
0.26
0.23
5
Expected Value of
Additional Volume
$6120
3380
C
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