Question 19
The application for the degree “Master in Being Useless (MBU)” has begun at “Star University (SU)”. The applicants to SU are from three professional categories namely “TV Watcher”, “Mobile Gamer” and “Procrastinator”. The previous year admissions indicate that 20% of the total applications are Procrastinators, 40% are Mobile Gamers and the rest are TV Watchers.
When examining past applications submitted by the three professional categories, it is seen that the applications are either “Fully Completed”, “Half Completed” or “Blank”. It is observed that among the “Mobile Gamer” applications that are received, 30% are “Fully Completed” and 60% is “Half Completed”. For TV Watcher applications that are received, 40% are “Half Completed” and 20% are “Blank”. Among all received Procrastinator applications, 50% have submitted “Blank” applications and 40% have submitted “Half Completed” applications.
Assuming the necessary mutual exclusiveness, answer the given subquestions.
SU is planning spend money on advertising to increase applications. Once the advertising is completed, a total of 600 applications are expected. Then, what is the expected revenue that can be generated from “TV Watcher” category if an application fee of Rs. 500 is charged for “Blank” applications, Rs. 200 is charged for “Half Completed” applications and Rs. 100 is for “Fully Completed” applications? (Note: Enter the answer rounded to two decimal places. For example, if the answer is “1.234”, then enter it as “1.23”)