Question: 1 Probability Mass Functions ( 3 0 points ) As a sales representative for a CAEE firm, your mission is to market top - notch

1 Probability Mass Functions (30 points)
As a sales representative for a CAEE firm, your mission is to market top-notch construction equipment
to office workers within a bustling business district. This district boasts a total of six CAEE organizations,
consisting of three major corporations and three small, local businesses, with their locations and
connecting routes outlined as depicted. Your product is of NO interest to these tech-oriented organizations
and they will say no to you regardless of how much you persuade (you know this apriori, but alas, your
company is trying all possible ways to sell the product). Being a salesman with a persistent attitude, you
adopt the following strategy:
you pick an organization at random and ask them if they want to buy your product.
If they say no, you pick one of the two neighboring organizations with probabilities 0.4 and
continue the process OR you give up and decide to return back with probability 0.2.
You keep repeating this process until you give up and decide to return back to your
supervisor.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!