You invested $30,000 in BOA, $20,000 in Best Buy, and $50,000 in Harley-Davidson for your portfolio. Betas are 1.8, 1.05 and 1.5
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18 ticket takers should Madge hire, if Madge is the manager at a sports arena that draws an average 3,500 patrons per event and each ticket taker can process 200 event-goers per event.
Explanation:
The given is,
Madge is the manager at sports arena
3,500 patrons per event
Ticket takers can process 200 event-goers per event
Step: 1
Let, x - No. of ticket takers
Formula to calculate ticket takers,
Substitute the values,
= 17.5
x ≅ 18 ticket takers
Madge should hire 18 ticket takers.
Result:
18 ticket takers should Madge hire, if Madge is the manager at a sports arena that draws an average 3,500 patrons per event and each ticket taker can process 200 event-goers per event.