Problem 1-13 (Algorithmic)

Micromedia offers computer training seminars on a variety of topics. In the seminars 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 $650 per student. The cost for the conference room, instructor compensation, lab assistants, and promotion is $9800 per 2 days. Micromedia rents computers for its seminars at a cost of $65 per computer per day.

1. Develop a model for the total cost to put on the seminar. Let x represent the number of students who enroll in the seminar. Round your answers to the nearest whole number. For subtractive or negative number use a minus sign even if there is a + sign before the blank. (Example: -300) Total cost = fill in the blank 1 + fill in the blank 2x
2. Develop a model for the total profit if x students enroll in the seminar. Round your answers to the nearest whole number. For subtractive or negative number use a minus sign even if there is a + sign before the blank. (Example: -300) Total profit = fill in the blank 3x + fill in the blank 4
3. Micromedia has forecasted an enrollment of 20 students for the seminar. How much profit will be earned if their forecast is accurate? Round your answer to the nearest dollar. Total profit = $ fill in the blank 5
4. Compute the breakeven point. Round your answer to the nearest whole number. The breakeven point is fill in the blank 6 students.