he Quick-Food Company provides a college meal-service plan. Quick-Food has fixed costs of 370000 dollars per term and variable costs of 300 dollars per student. Quick-Food charges 700 dollars per student per term. How many students
Permutations and Combinations
If there are 5 dishes, they can be relished in any order at a time. In permutation, it should be in a particular order. In combination, the order does not matter. Take 3 letters a, b, and c. The possible ways of pairing any two letters are ab, bc, ac, ba, cb and ca. It is in a particular order. So, this can be called the permutation of a, b, and c. But if the order does not matter then ab is the same as ba. Similarly, bc is the same as cb and ac is the same as ca. Here the list has ab, bc, and ac alone. This can be called the combination of a, b, and c.
Counting Theory
The fundamental counting principle is a rule that is used to count the total number of possible outcomes in a given situation.
The Quick-Food Company provides a college meal-service plan. Quick-Food has fixed costs of 370000 dollars per term and variable costs of 300 dollars per student. Quick-Food charges 700 dollars per student per term. How many students must sign up for the Quick-Food plan in order for the company to make a profit?
Give the minimum possible integer value.
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