Agency Is Having Problems with Personal Phone Calls Made During

question 24

Multiple Choice

agency is having problems with personal phone calls made during working hours.Each minute of a personal call costs the agency $0.50 in wasted wages.The agency hires operators to monitor calls in order to attain the optimal number of personal calls (minimize total cost of personal calls) . $$\begin{array} { c c } & \text { Total minutes af }\\\text { Numbe of } & \text { personal calls (per } \\\text { Operators } & \text { hour) } \\\hline 0 & 600 \\1 & 480 \\2 & 410 \\3 & 370 \\4 & 350 \\\hline\end{array}$$ Based on the above information,if operators receive $25 an hour,what is the minimum possible total cost of personal calls (per hour) ?

• A)$460
• B)$255
• C)$120
• D)$ 85
• E)none of the above

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Definitions:

Observed Characteristics

Traits or features of an individual or entity that can be directly measured or perceived, often used in statistical analysis.

Risk Assessment

Involves identifying, analyzing, and evaluating uncertainty in investment decisions.

Credit Analysis

The process of evaluating an individual's or entity's ability to repay a loan or meet financial obligations.