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 $675 per student. The cost for the
conference room, instructor compensation, lab assistants, and
promotion is $9500 per 2 days. Micromedia rents computers for its
seminars at a cost of $70 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. 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)
- 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 = ·x +
- Micromedia has forecasted an enrollment of 20 students for the
seminar. How much profit will be earned if their forecast is
accurate? Round your answer to the nearest dollar.
Total profit = $
- Compute the breakeven point. Round your answer to the nearest
whole number.
The breakeven point is students