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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 = 59 and = 7. Also, V = 30 and F = 2600. (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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