Micromedia offers computer training seminars on a variety of topics. In the seminars each student works at a personal computer, practicing the particularactivity that the instructor is presenting. Micromedia is currently planning a two-day seminar on the use of Microsoft Excel in statistical analysis. The projectedfee for the seminar is $610 per student. The cost for the conference room, instructor compensation, lab assistants, and promotion is $9,120. Micromedia rentscomputers 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 =(b) Develop a model for the total profit (P) if x students enroll in the seminar.P =(c) Micromedia has forecast an enrollment of 50 students for the seminar. How much profit will be earned if their forecast is accurate?P(50) = $(d) Compute the break-even point.X =

Given data is Length of seminar = 2 Seminar fee = $610 per student Fixed cost = $9120 Variable cost…

Answered: Micromedia offers computer training…

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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