At the Merrick Athletic Club (MAC), all new members start on a four-month trial at a discounted monthly rate. MAC refers
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At the Merrick Athletic Club (MAC), all new members start on a four-month trial at a discounted monthly rate. MAC refers
At the Merrick Athletic Club (MAC), all new members start on afour-month trial at a discounted monthly rate. MAC refers to theseclients as trial members. If they continue at MAC at the end of thetrial, they transition to being regular members and pay a higherrate. There are on average 40 new members joining MAC every month.MAC’s total membership (including both regular and trial members)is 640. On average, how many trial members are there? What is theannual turnover of MAC’s membership? A trial member who converts tobeing a regular member on average stays as a member for 20 monthsbeyond their initial trial. What fraction of trial members convertto regular members?