For Body20 studios, what calculation is used to determine the Monthly Attrition Rate?

s. In the Reporting Period, the lowest actual Sales Transactions reported in any month by a Covered Studio was one and the highest actual Sales Transactions reported in any month by a Covered Studio was 96.

TABLE 3: AVERAGE MONTHLY ATTRITION RATES FOR ALL COVERED STUDIOS DURING THE REPORTING PERIOD

Table 3 presents the average monthly member attrition rate (the "Average Monthly Attrition Rate") for each Covered Studio during the Reporting Period. The Average Monthly Attrition Rate was calculated for each Covered Studio by: (a) calculating the monthly attrition rate for each Covered Studio for each month in the Reporting Period by taking the number of cancelled Studio memberships in each month and dividing it by the total number of members at the beginning of such month (calculated as total members, excluding members with frozen memberships) (the "Monthly Attrition Rate"), (b) aggregating the Monthly Attrition Rate for each Covered Studio for each of the 15 months of the Reporting Period, and (c) dividing the aggregate Monthly Attrition rate for each Covered Studio by 15 (the total number of months in the Reporting Period). The Covered Studios were then sorted in ascending order by Average Monthly Attrition Rates and split into halves.

Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 64–69)