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

What three criteria must be met to establish that one

What three criteria must be met to establish that one variable causes changes in behavior? Which of these criteria are met by quasi-experimental designs? Which of these criteria are not met, and why?

One thousand people are enrolled in a 10 year cohort study

One thousand people are enrolled in a 10 year cohort study. At the start of the study, 100 have diagnosed CVD. Over the course of the study, 80 people who were free of CVD at baseline develop CVD. What is the cumulative ...

John is an avid fisherman and wants to know if there is a

John is an avid fisherman and wants to know if there is a correlation between the amount of time he spends fishing and the amount of fish he catches. He decided to keep track of the time he spent at the lake and the amou ...

An airplane manufacturer currently produces six models of

An airplane manufacturer currently produces six models of airplanes for commercial sale. the airline that lauren works for is rapidly expanding and would like to purchase three airplanes of different models to service va ...

Discuss the changes to european imperialism between the

Discuss the changes to European imperialism between the World Wars.

1 in a pulse rate research a simple random sample of 120

1. In a pulse rate research, a simple random sample of 120 men results in a mean of 80 beats per minute, and a standard deviation of 11 beats per minute. Based on the sample results, the researcher concludes that the pul ...

Case study diets and weight lossnbspa study innbspthe

CASE STUDY Diets and Weight Loss  A study in The Journal of the American Medical Association describes the effects of diets on weight control. In the study, 311 women were randomly divided into four groups. The first gro ...

Using the confidence interval when conducting a two-tailed

Using the confidence interval when conducting a two-tailed test for the population proportion p, we reject the null hypothesis if the hypothesized value for p falls inside the confidence interval.

Question to qualify for security officers training recruits

Question: To qualify for security officers training, recruits are tested for stress tolerance. The scores are normally distributed with a mean of 62 and a standard deviation of 8. If only the top 15% of recruits are sele ...

Best ribs wishes to pay off a debt of 40000 in 7 years what

Best Ribs wishes to pay off a debt of $40,000 in 7 years. What amortization payment would they need to make each six months, at 6% interest compounded semiannually? (Use Table 12-2 from your text) $3,541.05 $3,910.63 $2, ...

  • 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