If a company employs n salespersons its gross sales in


If a company employs n salespersons, its gross sales in thousands of dollars may be regarded as a random variable having a gamma distribution with α = 80√n and β = 2. If the sales cost is $8,000 per salesperson, how many salespersons should the company employ to maximize the expected profit?

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: If a company employs n salespersons its gross sales in
Reference No:- TGS01513330

Expected delivery within 24 Hours