ed4444
Joined: 12 Oct 2004
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 Posted: Wed May 14, 2014 1:18 am Post subject: |
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| ontheway wrote: |
There is an obvious error in the Pagoda stats:
It is likely that the 600,000 student number is really 60,000 or fewer.
More than 10 branches ... What does that mean, 11 branches? Then just say so. With 10 branches there would be 60,000 students per school. How many universities in the world are that big? 6,000 students per school would be large, but with a 6 month turnover rate, maybe ... so fewer than 3,000 per location at any given time.
Likewise with 600,000 students per year then 80,000,000,000 won per year comes to less than 135,000 won per student per year. The monthly tuition has to be higher than that. Even at 60,000 students the total tuition per student per year is only 1,350,000 ... 6 months or so depending on the tuition rate. That means either very high turn over rate or even fewer students.
So it's likely there was a typo and that the number of students should have been 60,000, and that number is exaggerated. Likewise the number of "employees" is too round at 1,000 so it's probably overstated as well - unless it is also annual and includes turnover. |
Students register per month in Pagoda so my guess is that they count each registration as a student. |
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