Business Math

EMC 2

July 29, 2013

Samantha Almeda
Katrina Dizon
Rina Dakay
Charity Malagapo
Rikka Marabe
Nikola Romasanta

June Daily Attendance
139
273
172
275
337
402
487
198
310
347
393
421
595
497
341
291

Bin

Frequency
130
1
181.6667
5
233.3333
15
285
23
336.6667
11
388.3333
13
440
13
491.6667
6
543.3333
3
More
2

380
367
359
463
578
287
247
356
322
419
516
478
303
223
315
258

193
378
461
242
177
245
390
284
417
474
194
207
215
304
331
407

399
197
273
213
303
262
447
399
275
241
190
243
277
241
384
246

177
161
308
256
391
400
224
239
274
205
361
411
419
258
130
195

Frequency
25
20
15
10
5
0

Number Heads

238
224
368
541
235
218
271
259
232
317
369
361

TOTAL = 28, 900
n = 92
Mean/Average (Total/n)
28,900/92 = 314.130435
Standard Deviation

(139  314.13) ^ 2  (273  314.13)^2  (172  314.13)^2  ... (369  314.13)^2  (361  314.13)^2
92  1
102.588929
Z Score (Sample mean/s)
500-314/102.58=1.813218951
Questions:
If these criteria are met,
1. The expected number of days where attendance would exceed 500should be no
more than five with the current membership.
2. The current average daily attendance is more than 320.
Daily average attendance:
28,900/92 = 314.130435 or 315
3. The average daily weekend (Saturday and Sunday) attendance is no more than
500
Total weekend attendees = 11,239
N = 26
Average weekend attendance = 432.26923
The club will issue one new share at a price of $1,000for every two average
attendees between the current daily average and an upper limit of 400. Should the
club issue new shares? If so, how many will it use and how much additional
revenue will it realize?
400-314/2 = 43 new shares
43 x $1,000 = $43,000
Yes, the club should issue new shares. It should issue 43 more shares and not
exceed it.

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