Question

Wanda is organizing an Employee Appreciation Day event and is soliciting vendors to provide food and drinks. There are 638 employees at the company, and roughly half are married. The event is taking place during normal work hours, so it is assumed that no children will attend. Assuming that all of the spouses will turn up, every attendee will spend at least $2, what is Wanda's expected revenue for the event?

Answer 1

In this case, Wanda can calculate the revenue for her Employee Appreciation Day event by using this formula:

• revenue = [(number of employees of the company) + (½ x number of employee of the company)] x event price
• x = [(638) + (319)] x 2
• x = 952 x 2
• x = $1,914

Thus, Wanda’s expected revenue is $1,914, assuming that half of the employees are married and will be attending the Employee Appreciation Day alongside their spouse.