A Shoe Salesman Working on Commission Must Decide Whether to Work

question 50

Multiple Choice

A shoe salesman working on commission must decide whether to work hard or shirk.Working hard would increase the probability of a sale from 20% to 70% but would cost him $5.If the average price of shoes is $100,what is the minimum commission rate would induce him to work hard?

• A)​4%
• B)6%
• C)8%
• D)​10%

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Definitions:

Extends the Neck

Refers to muscles and movements that increase the distance between the chin and the chest, facilitating neck extension.

Spinalis Thoracis

A muscle in the back that is part of the erector spinae muscle group, helping to extend and stabilize the thoracic spine.

Longissimus Thoracis

A muscle in the back that helps extend, rotate, and laterally flex the spine.

Serratus Posterior Superior

A muscle situated in the upper back that helps in elevating the ribs during inhalation.