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Organizers of an Internet training session will charge participants $150 to attend. It costs $3000 to reserve the room, hire the instructor, bring in the equipment, and advertise. Assume it costs $25 per student for the organizers to provide the course materials.
a. How many students have to attend for the company to break even?
b. If the trainers think, realistically, that 20 people will attend, then what price should be charged per person for the organization to break even?
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What would be your best point estimate for average Sales in weeks for which Newspaper advertising were $1 million? What would be an appropriate interval estimate for this?
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This video explains the normal distribution via the binomial distribution: The distribution of the number of heads thrown on 20 coins approximates the normal. This is used to explain that the normal distribution is the mathematical consequence of ..
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The announced margin of error is plus or minus 3 percentage points. The announced confidence level is 95%. What is the value of the sample proportion.
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Conduct the equivalent, nonparametric test of hypothese using the five-step process. Do the following teams average a salary of 70 million dollars a year or less?
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