Extreme value theorem can help to calculate the maximum and minimum prices that a business should charge for its goods and services. A manager can calculate maximum and minimum overtime hours or productivity rates, and a salesman can figure out how many sales he or she has to make in a year.
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Answer:
Extreme value theorem can help to calculate the maximum and minimum prices that a business should charge for its goods and services. A manager can calculate maximum and minimum overtime hours or productivity rates, and a salesman can figure out how many sales he or she has to make in a year.
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