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An Investment firm offers free financial planning seminars at major hotels for groups of 30 individuals....

An Investment firm offers free financial planning seminars at major hotels for groups of 30 individuals. Each seminar costs them $4,000 and the average first-year commission for each new enrollment is $6,000. The firm estimates that for each individual attending the seminar, there is a 0.05 probability that he/she will enroll. Calculate the expected profit per seminar.

Answer: $_______

Would you recommend the invest firm to continue running the seminar? True Or False

Math   Statistics-And-Probability   
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