Problem 1-13 (Algorithmic) Micromedia offers computer training seminars on a variety of topics. In the seminars...
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Problem 1-13 (Algorithmic) 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 $700 per student. The cost for the conference room, instructor compensation, lab assistants, and promotion is $9700 per 2 days. Micromedia rents computers for its seminars at a cost of $135 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. Round your answers to the nearest whole number. For subtractive or negative number use a minus sign even if there is a + sign before the blank. (Example: -300) Total cost = b. Develop a model for the total profit if x students enroll in the seminar. Round your answers to the nearest whole number. For subtractive or negative number use a minus sign even if there is a + sign before the blank. (Example: -300) Total profit = Total profit = $ X X + c. Micromedia has forecasted an enrollment of 30 students for the seminar. How much profit will be earned if their forecast is accurate? Round your answer to the nearest dollar. The breakeven point is d. Compute the breakeven point. Round your answer to the nearest whole number. students. Problem 1-13 (Algorithmic) 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 $700 per student. The cost for the conference room, instructor compensation, lab assistants, and promotion is $9700 per 2 days. Micromedia rents computers for its seminars at a cost of $135 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. Round your answers to the nearest whole number. For subtractive or negative number use a minus sign even if there is a + sign before the blank. (Example: -300) Total cost = b. Develop a model for the total profit if x students enroll in the seminar. Round your answers to the nearest whole number. For subtractive or negative number use a minus sign even if there is a + sign before the blank. (Example: -300) Total profit = Total profit = $ X X + c. Micromedia has forecasted an enrollment of 30 students for the seminar. How much profit will be earned if their forecast is accurate? Round your answer to the nearest dollar. The breakeven point is d. Compute the breakeven point. Round your answer to the nearest whole number. students.
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Answer a Model for the total cost to put on the seminar Total cost Cost for conference room ... View the full answer
Related Book For
Quantitative Methods for Business
ISBN: 978-0324651751
11th Edition
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey cam
Posted Date:
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