Question: Problem 1 - 1 3 Micromedia offers computer training seminars on a variety of topics. In the seminars each student works at a personal computer,
Problem
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 twoday seminar on the use of Microsoft Excel in statistical analysis. The projected fee for the seminar is $ per student. The cost for the conference room, instructor compensation, lab assistants, and promotion is $ Micromedia rents computers for its seminars at a cost of $ per computer per day.
Develop a model for the total cost to put on the seminar. Let x represent the number of students who enroll in the seminar.
Model for total cost fill in the blank
fill in the blank
x
Develop a model for the total profit if x students enroll in the seminar. For subtractive or negative number use a minus sign even if there is a sign before the blank. Example:
Model for total profit fill in the blank
x fill in the blank
Micromedia has forecasted an enrollment of students for the seminar. How much profit will be earned if its forecast is accurate?
Profit $ fill in the blank
Compute the breakeven point.
Breakeven point fill in the blank
students
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