Micromedia offers computer training seminars on a variety of topics. In the seminars each student works at a personal co

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Micromedia Offers Computer Training Seminars On A Variety Of Topics In The Seminars Each Student Works At A Personal Co 1 (122.48 KiB) Viewed 41 times

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 $565 per student. The cost for the conference room, instructor compensation, lab assistants, and promotion is $7,705. Micromedia rents computers for its seminars at a cost of $115 per computer per day. (a) Develop a model for the total cost (C) to put on the seminar. Let x represent the number of students who enroll in the seminar. C = 7705 +230x (b) Develop a model for the total profit (P) if x students enroll in the seminar. P = X (c) Micromedia has forecast an enrollment of 45 students for the seminar. How much profit will be earned if their forecast is accurate? P(45) = $ X (d) Compute the break-even point. X =