Question
Your hair care professional has scheduling challenges. She can perform a maximum of sixteen (16) jobs a day. However for five months of the year
Your hair care professional has scheduling challenges. She can perform a maximum of sixteen (16) jobs a day. However for five months of the year she gets on average twenty six (26) jobs and about ten (10) persons have to be turned away daily. For the rest of the year the hair care professional averages eight (8) jobs daily. A friend of hers provided her with a proposal with two options which she is studying. An extract from the proposal is presented below:
Average regular price of hair care: $70
No. of working days per month: 20
Option 2
Proposed rate for low months: $50
Average no. of customers expected daily for peak months: 20
Average no. of customers expected daily for off-peak months: 13
Option 3
Proposed rate for low months: $30
Average no. of customers expected daily for peak months: 16
Average no. of customers expected daily for off-peak months: 15
Based on the above information the hair care professional asked you to calculate the yield of the three options, and advise her.
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