A training institute contacts a company to provide specialized training to its employees. This training will sharpen the

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A training institute contacts a company to provide specializedtraining to its employees. This training will sharpen theirsoft-skills and management skills. Interest shown by number ofemployees from the company: 1,000 Training fees per employee:Rs.30,000 The training institute conducted a mock test to checklevels of employee. The employee Performance Ratings comes out tobe:
Percentiles Range Probability of employeescoring the percentiles in the given range
50-59 0.10
60-74 0.20
75-85 0.40
86-95 0.25
96 and above percentile 0.05
The training institute has committed to pay Rs.4,000 perenrolled employee, to Company for CSR activities. The traininginstitute has estimated its own cost to arrange the onsite trainingto be between Rs.18,00,000 to Rs.20,00,000.
To attract maximum employee to join the training, the instituteclaimed that with our training you are guaranteed to improve yourskills and obtain 85 percentile and above if you don’t get thepromised results, we will refund your entire course fees. PerformCost-benefit analysis to determine if the training institute willbe at profit or loss with the claim they tend to make.