After Plowing Through Contracts for a Decade, the Contract Writer

question 73

Essay

After plowing through contracts for a decade, the contract writer knew about how long it took to crank out the material necessary to satisfy a contract's requirements. The distribution could be modeled using the data provided in this table.
$$\begin{array} { | c | c | } \hline \begin{array} { c } \text { Number of } \\\text { Weeks }\end{array} & \begin{array} { c } \text { Random } \\\text { Number Range }\end{array} \\\hline 2 & 0 - 5 \\\hline 3 & 6 - 15 \\\hline 4 & 16 - 35 \\\hline 5 & 36 - 80 \\\hline 6 & 81 - 99 \\\hline\end{array}$$
-If each contract is worth $5000 but it costs $300 per week to work on a contract, what is the profit resulting from a simulation drawing of the numbers 72, 36, 8, 71, and 94 to represent contract durations?

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Definitions:

Physical Surroundings

The tangible environment in which an individual or operation exists, including all physical spaces and objects within those spaces.

Situational Influences

External factors that can impact consumer behavior, including physical surroundings, social interactions, time factors, and purchase reason.

Temporal Effects

The impact of time on consumer behavior, including how seasonal, daily, or time-of-day factors influence buying decisions.

Situational Influence

The impact of environmental factors and specific situations on consumers' behavior and decision-making process.