Estimating piano tuners in a university town
Question
Estimate how many piano tuners work in a university city of about people.
Short answer
Around 3 to 5. Say households with in owning a piano, plus colleges, schools and churches: about pianos, each tuned about once a year. A tuner doing a day for days handles about a year, giving three or four tuners. Explain each assumption and give a range.
Adapted from Joshi, Denson & Downes, Quant Job Interview Questions and Answers, Q8.26, p.278; question and answer rewritten by SelfMadeQuant.com.
See the hint and the full worked solution in the question bank (free account).
Open the worked solution