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Required information Skip to question [The following information applies to the questions displayed below.] Annie's Homemade Ice Cream expects fewer people to enroll in the
Required information Skip to question [The following information applies to the questions displayed below.] Annie's Homemade Ice Cream expects fewer people to enroll in the fan club if the monthly fee is $12 instead of $10. It refers to this decline in enrollment as the attrition percentage. For example, if 100 people would enroll in the fan club at a monthly fee of $10 and the attrition percentage is 5%, it means that 95 people would enroll in the fan club at the higher price of $12 per month. Similarly, if 500 people would enroll in the fan club at a monthly fee of $10 and the attrition percentage is 5%, it means that 475 people (= 500 [100% - 5%]) would enroll in the fan club at the higher price of $12 per month. Review the data visualization below and answer the following questions: Definitions: Attrition percentage is the percent decline in enrollment if the fee increases from $10 per month to $12 per month. Incremental profit is the additional profit earned at a $12 monthly enrollment fee instead of a $10 fee. 6-a. Assume: 100 people would enroll in the fan club at a price of $10
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