Question: I need the step-by step instruction for analytic solver platform with exact values to fit the distribution for the following To generate leads for new

I need the step-by step instruction for analytic solver platform with exact values to fit the distribution for the following

To generate leads for new business, Gustin Investment Services offers free financial planning seminars at major hotels in Southwest Florida. Gustin conducts seminars for groups of 25 individuals. Each seminar costs Gustin $3500, and the average first-year commission for each new account opened is $5000. Gustin estimates that for each individual attending the seminar, there is a 0.01 probability that he/she will open a new account.

Determine the equation for computing Gustins profit per seminar, given values of the relevant parameters.

To generate leads for new business, Gustin Investment Services offers free financial planning seminars at major hotels in Southwest Florida. Gustin conducts seminars for groups of 25 individuals. Each seminar costs Gustin $3500, and the average first-year commission for each new account opened is $5000. Gustin estimates that for each individual attending the seminar, there is a 0.01 probability that he/she will open a new account. What type of random variable is the number of new accounts opened? Hint: Review Appendix 16.1 for descriptions of various types of probability distributions.

To generate leads for new business, Gustin Investment Services offers free financial planning seminars at major hotels in Southwest Florida. Gustin conducts seminars for groups of 25 individuals. Each seminar costs Gustin $3500, and the average first-year commission for each new account opened is $5000. Gustin estimates that for each individual attending the seminar, there is a 0.01 probability that he/she will open a new account.

Construct a spreadsheet simulation model to analyze the profitability of Gustins seminars (you'll upload this in the last question of the test). Would you recommend that Gustin continue running the seminars? Why?

To generate leads for new business, Gustin Investment Services offers free financial planning seminars at major hotels in Southwest Florida. Gustin conducts seminars for groups of 25 individuals. Each seminar costs Gustin $3500, and the average first-year commission for each new account opened is $5000. Gustin estimates that for each individual attending the seminar, there is a 0.01 probability that he/she will open a new account.

How large of an audience does Gustin need before a seminars expected profit is greater than zero? (Enter the number only)

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