A Telemarketing Firm Is Monitoring the Performance of Its Employees

question 19

Short Answer

A telemarketing firm is monitoring the performance of its employees based on the number of sales per hour.One employee had the following sales for the last 20 hours. What is the median for the distribution of number of sales per hour? ____________

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Definitions:

Collection Period

A financial metric that indicates the average number of days it takes a company to collect payments from its credit sales, essentially a detailed aspect of collection time with focus on receivables.

Accounts Receivable Balance

The accounts receivable balance is the total amount owed to a company by its customers for goods or services delivered on credit but not yet paid for.

Calendar Year

A one-year period that begins on January 1 and ends on December 31, used for general purposes including statutory reporting and personal timekeeping.

Sales Estimate

An approximate calculation or judgment of the amount of sales a company expects to achieve in a specific period.