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MATHS PUZZLE: Melvin B runs a music festival. In year x, a miniriot by festival goers (including the son of a Labour MP) causes gbp250,000 worth of damage. In year x+1, to avoid similar incidents, Melvin B spends gbp250,000 on extra security.
Question 1: Calculate: (i) How much extra damage that would have occured without the extra security would need to be expected before the investment in increased security pays off?
(ii) The average cost per festival-goer of the increased security
Question 2: If we assume that only 200 people caused trouble at the festival in year x, and the size of the troublemaking element remains constant how much will extra security cost per trouble maker?
Wednesday, July 02, 2003
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