How many pupils do need to enroll

Assignment Help Basic Statistics
Reference no: EM13127154

Molly dymond and kathleen taylor are considering the possibility of teaching swimming to kids during the summer. a local swim club opens its pool at noon each day, so it is is available to rent during the morning. the cost of renting the pool during the 10-week period for which molly and kathleen would need it is $1,700. the pool would also charge molly and kathleen an admission, towel services, and life guarding fee of $7 per pupil, and molly and kathleen estimate an additional $5 cost per student to hire several assistants. Molly and kathleen plan to charge $75 per student for the 10-week swimming class.

a) How many pupils do molly and kathleen need to enroll in their class to break even?

b) If molly and kathleen want to make a profit of $5,000 for the summer, how many pupils do they need to enroll?

c) Molly and kathleen estimate that they might not able to enroll more than 60 pupils. if they enroll this many pupils, how much would they need to charge per pupils in order to realize their profit goal of $5,000.

Reference no: EM13127154

Questions Cloud

Describe why phrenology was so popular : 1. Describe why phrenology was so popular.  2. If given the opportunity, would you have a phrenology reading? Why or why not.
Methods of determining bad debt expense : Which of the following methods of determining bad debt expense does not properly match expense against revenue?
Quoting, paraphrasing, summarizing : A Purpose Greater Than Oneself," examine the purpose of public education. How does it serve or not serve the individual? How does it serve or not serve the community? What improvements do you believe should be made, in order for students to be truly ..
How long would it take for be converted completely in steam : How long would it take for 1.50mol of water at 100.0 °C to be converted completely into steam if heat were added at a constant rate of 21.0 J/s?
How many pupils do need to enroll : If they enroll this many pupils, how much would they need to charge per pupils in order to realize their profit goal of $5,000.
Statement on the topic "the use of social media and bullying : a controlling idea statement and short proposal for the topic "The Use of Social Media and Bullying".
Construct a 95% confidence interval of the population : Construct a 95% Confidence Interval of the population mean of minutes exercised per week.
Find the probability that all the applicants are women : Four hundred people apply for three jobs. 110 of the applicants are women. (a) If three persons are selected at random, what is the probability that all are women?
Describe the methods of accounting available to br : Browne and Red, both C corporations, formed the BR Partnership on January 1, 2009. Neither Browne nor Red is a personal service corporation, and BR is not a tax shelter. BR's gross receipts were $4.6 million, $5 million, $6 million, and $7 million..

Reviews

Write a Review

Basic Statistics Questions & Answers

  Calculating probabilities of events

A city official has stated that 20% of the items sold by pawn shops within the city have been stolen. Ralph has just purchased 4 items from one of the city's pawn shops.

  Determining testing proportions

A survey dating back to the 1990's suggested that Americans anticipated a reduction in living standards and that a steadily increasing consumption no longer might be as important as it was in the past. (Were they right?)

  Inferring about population means

In random samples of 12 from each of two normal populations, we found the following statistics: Describe what happens when the sample standard deviations get larger.

  Nick uses the equally likely criterion

Assume Nick doesn't know how his received he suppose that all three states of nature are equally likely to occur. If Nick uses the equally likely criterion illustrate what decision would he make.

  Research process outline

Identify a research issue, opportunity, or problem that uses data that has absolute zero measurements. Some examples include a team member's stock portfolios performance

  Determining the p-value if mean fare has increased

At 0.01 significance level can we conclude that mean fare has increased? Determine the p-value?

  Relative frequency method

An experiment with three outcomes has been repeated 50 times, and it was learned that E1 occured 20 times, E2 occured 13 times, and E3 occured 17 times.

  Determining the probability using poisson distribution

Number of rescue calls received by rescue squad in city follows a Poisson distribution with mu = 2.83 per day. Squad can handle at most four calls a day. Determine the probability that squad will be able to handle all calls on a particular day?

  Define hypotheses for two-tailed test

Suppose two-tailed test, state hypotheses (Ho and H1 ) for two-tailed test. Using symbols, define hypotheses (Ho and H1) for two-tailed test.

  Summarize data by computing the means and standard deviation

College Students' Seating Choices and Motivation to Achieve.This activity is a revision of an activity found in Real Data: A Statistics Workbook Based on Empirical Data by Z. C Holcomb (1997). Published by Pyrczak Publishing.

  What proportion of new typists need between a range

A mean time of 90 minutes and standard deviation of 18 minutes. What proportion of new typists need between 1 and 2 hours to learn the computer system?

  Criterion for rejection or nonrejection of null

Which of the t-test methods are you going to use and why? Formulate the null and alternative hypothesis. Determine the criterion for rejection or nonrejection of the null. What is the t-statistic for this analysis

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd