Runninghead: Individual Work 1 1
Individual Work 1
Iletha Miller
QMB 5355
Robert Miner
October 16, 2015
m
er as
co
eH w
o.
rs e
ou urc
o
aC s
vi y re
ed d
ar stu
is
Th
sh
This study source was downloaded by 100000805705997 from CourseHero.com on 04-27-2021 23:45:20 GMT -05:00
https://www.coursehero.com/file/12881447/IlethaMiller-QMB5355-12-week-1/
, Individual Work 1 2
Individual Work 1
13. Micromedia offer a computer training seminar on a variety of topics. In the seminar 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. Micromedia rent computers for its seminars at a cost of $60 per
computer per day.
m
er as
co
a. Develop a model for the total cost to put on the seminar. Let x represent the number of
eH w
o.
students who enroll in the seminar.
rs e
ou urc
Total cost = 9600 + 60x
o
b. Develop a model for the total profit if x students enroll in the seminar.
aC s
vi y re
Total profit= TR-TC
=600x - (9600-60x)
ed d
ar stu
=540x -9600
is
c. Micromedia has forecasted an enrollment of 30 students for the seminar. How much
Th
profit will be earned if its forecast is accurate?
x =30
sh
Profit=540*30-9600
=$6600
This study source was downloaded by 100000805705997 from CourseHero.com on 04-27-2021 23:45:20 GMT -05:00
https://www.coursehero.com/file/12881447/IlethaMiller-QMB5355-12-week-1/
Individual Work 1
Iletha Miller
QMB 5355
Robert Miner
October 16, 2015
m
er as
co
eH w
o.
rs e
ou urc
o
aC s
vi y re
ed d
ar stu
is
Th
sh
This study source was downloaded by 100000805705997 from CourseHero.com on 04-27-2021 23:45:20 GMT -05:00
https://www.coursehero.com/file/12881447/IlethaMiller-QMB5355-12-week-1/
, Individual Work 1 2
Individual Work 1
13. Micromedia offer a computer training seminar on a variety of topics. In the seminar 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. Micromedia rent computers for its seminars at a cost of $60 per
computer per day.
m
er as
co
a. Develop a model for the total cost to put on the seminar. Let x represent the number of
eH w
o.
students who enroll in the seminar.
rs e
ou urc
Total cost = 9600 + 60x
o
b. Develop a model for the total profit if x students enroll in the seminar.
aC s
vi y re
Total profit= TR-TC
=600x - (9600-60x)
ed d
ar stu
=540x -9600
is
c. Micromedia has forecasted an enrollment of 30 students for the seminar. How much
Th
profit will be earned if its forecast is accurate?
x =30
sh
Profit=540*30-9600
=$6600
This study source was downloaded by 100000805705997 from CourseHero.com on 04-27-2021 23:45:20 GMT -05:00
https://www.coursehero.com/file/12881447/IlethaMiller-QMB5355-12-week-1/
