Question: Can you please just answer the questions no math needed thank you. What conditions would justify the assumption of a constant contribution margin per customer?
Attachment 1 Purchases and Purchase Cost for Randomly Selected Customers Julie randomly selected 60 customer invoices - 30 from day customers, 30 from evening customers. The purchase revenue and cost data are shown below. (For example, the first day customer made a purchase of $32.50, and the alcohol purchased cost $23.89 to stock.) DAY Purchase Revenue 32.50 35.22 39.99 23.08 39.48 30.55 24.77 30.13 31.16 34.67 32.37 40.71 33.07 43.86 45.88 42.31 36.69 43.59 31.38 32.09 26.78 26.39 33.84 32.39 25.29 21.11 27.60 37.79 38.37 27.14 Cost 23.89 25.90 30.40 16.53 28.32 20.17 18.49 21.11 24.91 25.75 25.03 29.61 23.31 29.51 36.39 29.83 29.89 28.51 23.55 21.66 17.93 18.38 22.96 25.24 17.72 14.41 22.23 25.50 29.00 21.31 EVENING Purchase Revenue 40.29 34.66 35.87 36.40 30.95 33.69 33.82 34.92 35.15 32.89 36.30 38.44 32.49 34.91 52.78 37.43 30.20 37.99 26.90 47.19 33.48 44.20 33.52 37.15 35.81 37.61 30.29 31.07 24.35 34.90 Cost 32.00 25.20 24.01 28.60 24.95 22.42 25.89 23.07 25.39 22.99 28.63 29.51 25.36 25.26 37.08 28.81 19.86 26.54 19.19 34.88 25.12 36.09 22.76 26.24 26.79 25.68 24.51 23.27 19.50 28.07
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