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 $600 per student. The cost for the conference room, instructor compensation, lab assistants, and promotion is $9600 per 2 days. Micromedia rents computers for its seminars at a cost of $120 per computer per day. Micromedia has forecasted an enrollment of 30 students for the seminar. Develop a model for total profit if X students enroll. How much profit will be earned if their forecast is accurate? show the work. Compute the breakeven point.

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 $600 per student. The cost for the conference room, instructor compensation, lab assistants, and promotion is $9600 per 2 days. Micromedia rents computers for its seminars at a cost of $120 per computer per day. Micromedia has forecasted an enrollment of 30 students for the seminar. Develop a model for total profit if X students enroll. How much profit will be earned if their forecast is accurate? show the work. Compute the breakeven point.

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Description: 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 o

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter9: Decision Making Under Uncertainty

Section: Chapter Questions

Problem 30P

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