n sales persons, its gross sales in thousands of rupeesIf a company employesmaybe regarded as a RV having an Erlang distribution with 2 =1and k =20 dn. If the sales cost is Rs. 8000 per salesperson, how many salespersonsshould the company employ to maximise the expected profit?

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Answered: oy be regarded as a RV having an Erlang…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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"given a simple regression with slope b=3, s (sub y)=8, and s (sub x)= 2, and n=30. Find the standard error of the estimate."
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oy be regarded as a RV having an Erlang distribution with A = 1 and k = n In. If the sales cost is Rs. 8000 per salesperson, how many salespersons should the company employ to maximise the expected profit?