Explain the statement ‘the private classes are better than the group classes’.

Question

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Answer 1

Question

Chapter 1, Problem 1RQ

To determine

Explain the statement ‘the private classes are better than the group classes’.

Expert Solution & Answer

Explanation of Solution

In general, the benefits from private lessons are greater than attending group lessons. People those who do not care about the time of learning tennis will attend group lessons and spend what they save on other things. Thus, the private lessons are more costly than group lessons.

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subject to X1 X2 Maximize dollars of interest earned = 0.07X1+0.11X2+0.19X3+0.15X4 ≤ 1,000,000 <2,500,000 X3 ≤ 1,500,000 X4 ≤ 1,800,000 X3 + XA ≥ 0.55 (X1+X2+X3+X4) X1 ≥ 0.15 (X1+X2+X3+X4) X1 + X2 X3 + XA < 5,000,000 X1, X2, X3, X4 ≥ 0

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Answer 2

Question

Chapter 1, Problem 1RQ

To determine

Explain the statement ‘the private classes are better than the group classes’.

Expert Solution & Answer

Explanation of Solution

In general, the benefits from private lessons are greater than attending group lessons. People those who do not care about the time of learning tennis will attend group lessons and spend what they save on other things. Thus, the private lessons are more costly than group lessons.

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Answer 3

Question

Chapter 1, Problem 1RQ

To determine

Explain the statement ‘the private classes are better than the group classes’.

Expert Solution & Answer

Explanation of Solution

In general, the benefits from private lessons are greater than attending group lessons. People those who do not care about the time of learning tennis will attend group lessons and spend what they save on other things. Thus, the private lessons are more costly than group lessons.

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Answer 4

Question

Chapter 1, Problem 1RQ

To determine

Explain the statement ‘the private classes are better than the group classes’.

Expert Solution & Answer

Explanation of Solution

In general, the benefits from private lessons are greater than attending group lessons. People those who do not care about the time of learning tennis will attend group lessons and spend what they save on other things. Thus, the private lessons are more costly than group lessons.

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Answer 5

Chapter 1, Problem 1RQ

To determine

Explain the statement ‘the private classes are better than the group classes’.

Expert Solution & Answer

Explanation of Solution

In general, the benefits from private lessons are greater than attending group lessons. People those who do not care about the time of learning tennis will attend group lessons and spend what they save on other things. Thus, the private lessons are more costly than group lessons.

Answer 6

Chapter 1, Problem 1RQ

To determine

Explain the statement ‘the private classes are better than the group classes’.

Expert Solution & Answer

Explanation of Solution

In general, the benefits from private lessons are greater than attending group lessons. People those who do not care about the time of learning tennis will attend group lessons and spend what they save on other things. Thus, the private lessons are more costly than group lessons.

Answer 7

Chapter 1, Problem 1RQ

To determine

Explain the statement ‘the private classes are better than the group classes’.

Answer 8

Expert Solution & Answer

Explanation of Solution

In general, the benefits from private lessons are greater than attending group lessons. People those who do not care about the time of learning tennis will attend group lessons and spend what they save on other things. Thus, the private lessons are more costly than group lessons.