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Chapter 1 - Problem 22The calculation of number of people needed by Golden Age to break even is as shown below:Since, people cannot be 44.24 hence, at least 45 people must attend each seminar so that thebreak even condition met.Chapter 1 - Problem 23(a) The calculation of number of students needed to break even is as shown below:Therefore, 19 students must enrol so that the break even condition met.
(b) The calculation of number of students needed to break even when smaller roompossibility is considered is as shown below:Therefore, 14 students must enrol so that the break even condition met.Chapter 2- Problem 43(a) The calculation of probability of exactly 0, 1, 2, 3, 4, and 5 arrivals per day in Excel is asshown below:
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