Question
Q.6 Gibson Camps, Inc. leases the land on which it builds camp sites. Gibson is considering opening a new site on land that requires $2,700
Q.6
Gibson Camps, Inc. leases the land on which it builds camp sites. Gibson is considering opening a new site on land that requires $2,700 of rental payment per month. The variable cost of providing service is expected to be $5 per camper. The following chart shows the number of campers Gibson expects for the first year of operation of the new site:
| Jan. | Feb. | Mar. | Apr. | May | June | July | Aug. | Sept. | Oct. | Nov. | Dec. | Total |
| 270 | 320 | 330 | 350 | 550 | 590 | 730 | 740 | 430 | 460 | 230 | 400 | 5,400 |
Required
Assuming that Gibson wants to earn $6 per camper, determine the price it should charge for a camp site in February and August. (Do not round intermediate calculations.)
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Introductory Statistics For The Behavioural Sciences
Authors: Joan Welkowitz, Robert B. Ewen, Jacob Cohen
2nd Edition
0127432604, 9780127432601
