Micromedia offers computer training seminars on a variety of topics. In the seminars each student work 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 $11000. Micromedia rents computers for its seminars at a cost of $65 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.Develop a model for the total profit if x students enroll in the seminar.Micromedia has forecasted an enrollment of 30 students for the seminar. How much profit will be earned of its forecast is accurate?

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Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.6: Summarizing Categorical Data

Problem 25PPS

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Micromedia offers computer training seminars on a variety of topics. In the seminars each student work 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 $11000. Micromedia rents computers for its seminars at a cost of $65 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.
Develop a model for the total profit if x students enroll in the seminar.
Micromedia has forecasted an enrollment of 30 students for the seminar. How much profit will be earned of its forecast is accurate?

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