Question 9 if the price increases but fixed and

• Notes
• 2
• 94% (67) 63 out of 67 people found this document helpful

This preview shows page 1 - 2 out of 2 pages.

Question 9
Question 10 A university is planning a seminar. It costs \$3000 to reserve a room, hire an instructor, and bring in the equipment. Assume it costs \$25 per student for the administrators to provide the course materials. If we know that 20 people will attend, what price
Question 11 EKA manufacturing company produces Part # 2206 for the aerospace industry. Each unit of part # 2206 is sold for \$15. The unit production cost of part # 2206 is \$3. The fixed monthly cost of operating the production facility is \$3000. How many units of part # 2206 have to be sold in a month to break-even?
Question 12 0
Question 13 In a binomial distribution, for each of n trials, the event always has the same probability of occurring Question 14 The area under the normal curve represents probability, and the total area under the curve sums to
1