A Telemarketing Firm Is Monitoring the Performance of Its Employees

question 57

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 19 hours. For the distribution of number of sales per hour, 50% are equal or greater than ___________.

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Definitions:

Marginal Cost

The increase in expenditure incurred from making one more unit of a product or service.

Marginal Benefit

The extra benefit or utility received from the consumption or production of an additional unit of a product or service.

Public Goods

Goods or services that are available for consumption by everyone and where use by one individual does not reduce availability to others.

Private Philanthropy

Financial donations made by private individuals or organizations to charitable causes, often aimed at public welfare improvement.