A Firm Is Considering Adding a Second Secretary to Answer

question 19

Essay

A firm is considering adding a second secretary to answer phone calls and make appointments. The cost of the secretary will be $10/hour and she will work 200 hours each month. If each new client adds $400 of profit to the firm, how many clients must the secretary arrange for the firm to break even?
Suppose that the secretary has an equal chance of providing either 0, 2, or 6 new clients each month. Should the firm hire the secretary?

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Definitions:

Microsociology

The study of individual or small group interactions within society, focusing on the subtle details of social behavior and understanding how they contribute to the larger structure of social reality.

Macrosociology

Macrosociology focuses on the study of large-scale social structures and processes, analyzing how they affect the behavior and interactions of individuals and groups.

Theoretical Frameworks

Structured sets of concepts and propositions designed to guide the collection and analysis of data within scientific research.

Functionalist Perspective

The Functionalist Perspective is a sociological approach that views society as a complex system whose parts work together to promote solidarity and stability.