How many ships on average are pirates capturing each month

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Assignment:

1. A Reuter's article on March 14, 2012 reported that Somali pirates had decided to cut their ransom demands so as to avoid costly hostage maintenance and increase flow rate. The article says that on average the pirates were holding 30 ships hostage, and each ship was held for 150 days.

How many ships on average are the pirates capturing each month? (Assume a month is 30 days)

2.A Reuter's article on March 14, 2012 reported that Somali pirates had decided to cut their ransom demands so as to avoid costly hostage maintenance and increase flow rate. The article says that on average the pirates were holding 30 ships hostage, and each ship was held for 150 days.

Suppose Somali pirates are limited to holding only 30 ships at any time. What is the percent increase in number of ships they can capture per month, if each ship is held for only 120 days?

Reference no: EM133463652

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