Question
4. A personal fitness trainers fee is $75 per hour. Based on her past records, she determined that 20% of her clients required only one
4. A personal fitness trainers fee is $75 per hour. Based on her past records, she determined that 20% of her clients required only one hour of training, 65% required two hours and the rest required 3 hours of training. She did not have a client that required more than 3 hours of training. Records also showed that she incurred a cost of $10 for every hour that she spent with a client.
a) Write down the probability distribution of her net profit (profit= revenue cost). b) In one week, she sees 8 clients. What total profit can she expect to earn for this week? Explain your answer.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started