Making a decision You operate a lemonade stand. The wholesale cost of lemonade is $0.50 per unit. The cost of rent for the stand is $30 per day. You need to choose your pricing and advertising strategy. You are considering three alternatives: A: If you set the selling price to $1.50 per unit and spend $0 on advertising, you will sell 100 units per day.
B: If you reduce the selling price to $1.20 per unit and spend $0 on advertising, you will sell 150 units per day.
C: If you set the selling price to $1.50 per unit and spend $30 per day on advertising, you will sell 150 units per day.
a) Compute revenue, costs, and profit per day for each alternative. A B C Revenue 150 180 225 Costs: Lemonade (wholesale) Rent Advertising Profit
b) Which alternative should you choose

The wall street journal reported that walmart stores inc. is planning to lay off 2,300 employees at its sam's club warehouse unit. approximately half of the layoffs will be hourly employees (the wall street journal, january 25-26, 2014). suppose the following data represent the percentage of hourly employees laid off for 15 sam's club stores. 55 56 44 43 44 56 60 62 57 45 36 38 50 69 65 (a) compute the mean and median percentage of hourly employees being laid off at these stores. (b) compute the first and third quartiles. (c) compute the range and interquartile range. (d) compute the variance and standard deviation. (e) do the data contain any outliers? (f) based on the sample data, does it appear that walmart is meeting its goal for reducing the number of hourly employees?