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

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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