Note: Please answer with step-by-step solution.
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Subject: Statistics Note: Please answer with step-by-step solution.
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Subject: Statistics Note: Please answer with step-by-step solution.
Subject: Statistics
Note: Please answer with step-by-step solution.
6. For a company to distribute their own tuna in a can, the economy revolving around the canned goods sector must be studied. Upon studying, it was concluded that it has three main sectors, the metal can production, the fisheries, and the distribution sector, respectively. The metal can production sells 25% of its output to distributions and 58% to fisheries and retains the rest. Fisheries sells 80% of its output to distributions and 10% to metal can industries and retains the rest. Distribution sells 15% to metal can production and 15% to fisheries and retains the rest. (20 pts) a. Determine the price of output for each economy. b. If the metal can production sells 1,000,000 Pesos, what are the expected sales for fisheries and distribution?
Note: Please answer with step-by-step solution.
6. For a company to distribute their own tuna in a can, the economy revolving around the canned goods sector must be studied. Upon studying, it was concluded that it has three main sectors, the metal can production, the fisheries, and the distribution sector, respectively. The metal can production sells 25% of its output to distributions and 58% to fisheries and retains the rest. Fisheries sells 80% of its output to distributions and 10% to metal can industries and retains the rest. Distribution sells 15% to metal can production and 15% to fisheries and retains the rest. (20 pts) a. Determine the price of output for each economy. b. If the metal can production sells 1,000,000 Pesos, what are the expected sales for fisheries and distribution?