Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

Molly Dymond and Kathleen Taylor are considering possibility of teaching swimming to kids throughout the summer. A local swim club opens its pool at noon each day, so it is available to rent throughout the morning. The cost of renting the pool throughout the 10-week period for which Molly and Kathleen would require it is $1,700. The pool would as well charge Molly and Kathleen an admission, towel service, and life guarding fee of $7 per pupil, and Molly and Kathleen estimate the additional $5 cost per student to hire many assistants. Molly and Kathleen plan to charge $75 per student for 10-week swimming class.

a. How many pupils do Molly and Kathleen require to enroll in their class to break even?

b. If Molly and Kathleen want to make the profit of $5,000 for summer, how many pupils do they require to enroll?

c. Molly and Kathleen estimate that they may not be capable to enroll more than 60 pupils. If they enroll this many pupils, how much would they require to charge per pupil in order to realize their profit goal of $5,000?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M922208
  • Price:- $20

Guranteed 24 Hours Delivery, In Price:- $20

Have any Question? 


Related Questions in Statistics and Probability

Cnsider selecting one card at a time from a 52-card deck

Consider selecting one card at a time from a 52-card deck. What is the probability that the first card is from the suit of hearts and the second card is also from the suit of hearts? (Note there are 13 cards from the sui ...

What would the null and alternate hypothesis be for the

What would the null and alternate hypothesis be for, " The airlines claim that complaints average less than 15 per month per airport. To investigate the problem an independent watchdog agency contacted a random sample of ...

Candida has a revolving credit account at an annual

Candida has a revolving credit account at an annual percentage rate of 24%. Her previous monthly balance is $549.79. Find the new balance using the previous month's balance method if Candida's account showed the followin ...

A random sample of the price of gasoline from 20gas

A random sample of the price of gasoline from 20gas stations in a region gives the statistics below. Complete parts a) and b) ybar = $3.59, s = $0.24 a) Find a 95% confidence interval for the mean price of regular gasoli ...

1 what are quasi-experimental research designs and when are

1. What are quasi-experimental research designs, and when are they used in behavioral research? What advantages and disadvantages do they have in comparison to experimental research? 2. What are the most important threat ...

In march 2010 a federal health-care law required chain

In March 2010, a federal health-care law required chain restaurants with 20 or more locations to post caloric information on their menus. The stated goal was to make it easier for consumers to select healthier options, b ...

1 why do researchers use factor analysis2 imagine that you

1. Why do researchers use factor analysis? 2. Imagine that you conducted a factor analysis on a set of variables that were uncorrelated with one another. How many factors would you expect to find? Why?

George john and thomas are standing first second and third

George, John, and Thomas are standing first, second, and third in a line, respectively. Each one sees the persons standing in front of him. James announces: "I have three red hats and two white hats. I will place a hat o ...

Discuss the beginnings of the cold war from the position

Discuss the beginnings of the Cold War. From the position of a Soviet ruler, how might you have viewed the situation following WWII? How did the Truman administration attempt to handle it? (Include as many of the followi ...

The average number of pages in a novel is 326 with a

The average number of pages in a novel is 326 with a standard deviation of 24 pages. If a sample of 50 novels is randomly chosen, what is the probability the average number of pages in these books is between 319 and 331?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro