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To generate lebds for new business, Guatin Imvestment Services offers free financial planning seminars at major hotals in Southwest flarida. Guntin conducts seminiars for groups of zs indlivduals, Each Seminar costs Gustin $3400, and the merege fristyear commission for esch new scoount opened is 35000 . Gusein estimstes that for each individual attending the seminar, thern is as 0.01 probsbilify that heishe wifl open a new account. a. Determine the equation foc computing Gustiok profit per seminar, given values of the relevant paranetess. Aound your antwers to the ngarest doflac. The number of new bccounts opened is a random variable with triais and probasisty of a success on a single trial. c. Aswume that the number of new sccouts you get randomiy is: to 2 decimal places. The expected profts trim a serinar is s X and there is a x probabaty of a loss. to 2 decimel plocis. The expected proth trom a seminar is s x and there is a x probability of a lass. Would you recommend that Govin centinue running the seminars? curtina the seminars in their current format. d. How large of an avdence does Gustin need betore a seminar's expected proft is grester than zero? Use That and error method to answer the guestion. Anumd your ans wer to the newrest whole number. x atzendees

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