Determine number of teams of painters amanda needs to hire

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Q. Amanda Fall is starting up a new house painting business, Fall Colours. She has been advertising in local newspaper for several months. Based on inquiries and informal surveys of local housing market, she anticipates that she will get painting jobs at rate of 4 per week (Poisson distributed). Amanda has also determined that it will take a 4-person team of painters an average of 0.7 week (exp1ntially distributed) for a typical painting job.

a. Determine number of teams of painters Amanda needs to hire so that customers will have to wait no longer than 2 weeks to get their houses painted.

b. If average price for a painting job is $1,700 and Amanda pays a team of painters $500 per week, will she make any money?

Reference no: EM1374644

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