Mat540 Complete Course Week 1 to Week 11 Mat 540 Complete Course Week 1 to Week 11

2488 Words Oct 1st, 2015 10 Pages
MAT540 Complete Course Week 1 to week 11
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MAT540 Week 1 Discussion
"Class Introductions" Please respond to the following:
Please introduce yourself, including your educational and career goals, as well as some personal information about yourself. In your introduction, please draw from your own experience (or use a search engine) to give an example of how probability is used in your chosen profession. If you get your information from an online or other resource, be sure to cite the source of the information
MAT540
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Her stand and other equipment will cost her $3,500 for the season. She estimates that each hot dog she sells will cost her $0.40. she has talked to friends at other universities who sell hot dogs at games. Based on their information and the athletic department’s forecast that each game will sell out, she anticipates that she will sell approximately 1,500 hot dogs during each game. c. What price should she charge for a hot dog in order to break even? d. What factors might occur during the season that would alter the volume sold and thus the break-even price Annie might charge? 6. The college of business at Kerouac University is planning to begin an online MBA program. The initial start-up cost for computing equipment, facilities, course development and staff recruitment and development is $400,000. The college plans to charge tuition of $20,000 per student per year. However, the university administration will charge the college $10,000 per student for the first 100 students enrolled each year for administrative costs and its share of the tuition payments. e. How many students does the college need to enroll in the first year to break-even? f. If the college can enroll 80 students the first year, how much profit will it make?

g. The college believes it can increase tuition to $25,000, but doing so would reduce enrollment to
50. Should the college consider

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