Question
Roy and Jennie are looking for a company to help plan their wedding. Company A charges an amount based on the cost function, C =
Roy and Jennie are looking for a company to help plan their wedding. Company A charges an amount based on the cost function,C =Vn+F, whereCis the total cost,Vis the variable cost,Fis the fixed cost, andnis the number of people who attend the wedding. Supposenis a random variable with = 56 and = 5. Also, V = 31 and F = 2900. (Round your answers to the nearest dollar.) (a) What is the mean for the total cost? (b) What is the standard deviation for the total cost?
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Calculus Early Transcendentals
Authors: Michael Sullivan, Kathleen Miranda
2nd Edition
1319067484, 9781319067489
