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A bunch of overpriced consultants tell you that to evaluate a program it will cost $5 million to hire the consulting firm for their expertise

A bunch of overpriced consultants tell you that to evaluate a program it will cost $5 million to hire the consulting firm for their expertise and an additional $40 for every person surveyed for the evaluation. You estimate that the benefits of the evaluation, in terms of improved knowledge you need to improve the student loan program, to be given by the formula:

B = $5020N - $2N2

Where N is the sample size.

  1. Find the sample size and the amount you will spend on the evaluation.
  2. Explain whether you would do the evaluation if Congress had not mandated it.

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