Solution-Develop a model for the total cost

Develop a model for the total cost

Assignment Help Applied Statistics

Reference no: EM13542230

Micromedia offers computer training seminars on a variety of topics. In the seminars each student works at a personal computer, practicing the particular activity that the instructor is presenting. Micromedia is currently planning a two-day seminar on the use of Microsoft Excel in statistical analysis. The projected fee for the seminar is $600 per student. The cost for the conference room, instructor compensation, lab assistants, and promotion is $9,600. Micromedia rents computers for its seminars at a cost of $60 per computer per day.

A.) Develop a model for the Total Cost to put on the seminar. Let x represent the number of students who enroll in the seminar.

B.) Develop a model for the Total Profit if x students enroll in the seminar.

C.) Micromedia has forecasted an enrollment of 30 students for the seminar. How much Profit will be earned if its forecast is accurate?

D.) Compute the Breakeven Point.

Reference no: EM13542230

Questions Cloud

Distortion level of the primary current waveform : Why does the distortion level of the primary current waveform change when a dc bias is applied - explain why the voltage waveform measured on the oscilloscope is not dc biased.

What is the reaeration coefficient if it is assumed that no : Your other assistant is measuring the propane (C3H8) concentrations, which are 75 microM at 200 m downstream and 52 microM at 1500 m downstream. What is the reaeration coefficient if it is assumed that no dilution occurred due to lateral flow?

Determine the moisture content and the free moisture : A sample of aggregates weighs 400 grams. After drying at 112oF, its weight was 398.5 grams and absorption is 10%. Determine the moisture content and the free moisture.

Evolutionary theory is widely accepted as a unifying theme : Evolutionary theory is widely accepted as a unifying theme in biology. One of the arguments commonly used to refute evolutionary theory is that evolution has never been observed; however, evolutionary theory has been supported by a wide range ..

Develop a model for the total cost : Develop a model for the Total Cost to put on the seminar. Let x represent the number of students who enroll in the seminar - develop a model for the Total Profit if x students enroll in the seminar.

Volution and natural selection lab : Volution and Natural Selection Lab

Compute and plot the water surface profile upstream of the : A rectangular channel leading from an upstream lake has a bottom width of 20 ft, bottom slope of 0.0002, a Manning roughness factor of 0.016, a discharge of 403 cfs, and normal depth of 6.24 ft. Then at the downstream end the flow depth is 4.915 ft. ..

Determine the normal depth and the froude number : A trapezoidal channel lined with d50 = 10 cm has a bottom width of b = 1.2 m, side slopes of m = 3, and a longitudinal bottom slope of S0 = 0.008. Determine the normal depth and the Froude number for Q = 1.4 m3/s.

Define the logarithmic mean : Define the logarithmic mean c' of the input and output substrate concentrations - Show that the total rate of removal of substrate V satisfies the Michaelis-Menton reaction rate

User Account

All Pages

Develop a model for the total cost

Reference no: EM13542230

Reference no: EM13542230

Questions Cloud

Reviews

Write a Review

Applied Statistics Questions & Answers

Hypothesis testing

Calculate the maximum reduction in the standard deviation

Calculate the expected value, variance, and standard deviati

Determine the impact of social media use on student learning

Unemployment survey

Statistical studies

Evaluate the expected value of the total number of sales

Statistic project

Simple data analysis and comparison

Analyze the processed data in statistical survey

What is the probability

Frequency distribution

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT