What will be the total price

Assignment Help Applied Statistics
Reference no: EM13964437

Question:

Your firm designs training materials for computer training classes, and you have just received a request to bid on a contract to produce a complete set of training manuals for an 8-session class. From previous experience, you know that your firm follows an 85% learning rate. For this contract, it appears that the effort will be substantial, running 50 hours for the first session.

Your firm bills at the rate of $100/hour and the overhead is expected to run a fixed $600 per session.

The customer will pay you a flat fixed rate per session (Per Session Price.) If your profit markup is 20%, what will be the Total Price, the Per Session Price, and at what session will you break even?

Reference no: EM13964437

Questions Cloud

Utilization is expected to drop : You are the CEO for a radiology imagining center that has seen a 10 percent drop in utilization over the past year. Utilization is expected to drop another 10 percent for each of the next two years, but in the third year your forecasted demand will i..
Write a paper analyzing key elements of the given article : Write a 1,400-word paper analyzing key elements of the article, and discuss the article's potential impact on clinical practice. Use the attached guide on how to critique and analyze this artilce.
Vision is a future representation of a desired reputation : For an organization, vision is a future representation of a desired reputation. For a leader, it is somewhat different, but it is just as important because a leader without vision fails to inspire anyone. How does a leader’s vision overlap with that ..
Employee satisfaction boosts an organizations profitability : Employee satisfaction boosts an organizations profitability. Discuss why high employee turnover harms an organizations progression to success. How can organizations minimize the harm dissatisfied employees have on organizational profitability? Compar..
What will be the total price : The customer will pay you a flat fixed rate per session (Per Session Price.) If your profit markup is 20%, what will be the Total Price, the Per Session Price, and at what session will you break even?
Integrated communications and measures assignment : A century ago, John Wanamaker was attributed on saying the famous axioum, "Half the money I spend on advertising is wasted; the trouble is I don't know which half". Today it is easier to track the marketing spending and results. Research a marketing ..
Ethics in action leadership in turbulent time : Provide labor relations examples of managr's use of these five types of power that would support good leadership. Provide labor relations examples in which uses of these five types of power would undrmine good leadrship. It is often argued that integ..
Human resource management systems to be in sync : Explain why it is important for human resource management systems to be in sync with an organization’s strategy and goals and with each other.
Measuring purchase likelihood and attitude assessment : In marketing research, this level of measurement is the preferred measure when measuring purchase likelihood and attitude assessment

Reviews

Write a Review

 

Applied Statistics Questions & Answers

  Find the probability that a randomly selected

Find the probability that a randomly selected employee earns less than $7.53

  Bay area community college

6. Bay Area Community College (BACC) has collected data comparing the starting salaries of their graduating students with last names beginning with the letters A through M with those whose last names begin with N through Z. The first category,..

  What is the effect of the sample size on the width of the

A random sample of 89 observations produced a mean x (x bar) = 25.8 and a standard deviation s= 2.4. - find a 95, 90, and 99% confidence interval for u. In a sample of 304,000 items mailed between Dec. 10 and Mar. 3, the accounting firm determined th..

  Evaluate the relationship between visits per week and week

Evaluate the relationship between visits per week and week.  Interpret your regression results   by discussing significance of the regression equation and magnitude of the estimated coefficients.

  What is the probability that a student selected at random wi

1) Class records at Rockwood College indicate that a student selected at random has probability 0.71 of passing French 101. For the student who passes French 101, the probability is 0.9 that he or she will pass French 102. What is the probability tha..

  Do the warm miami temperatures help the punter for the miami

Do the warm Miami temperatures help the punter for the Miami Dolphins kick the ball farther than the punter for the Green Bay Packers, who typically punts in frigid Wisconsin temperatures? That is, can a warm football in general be punted farther tha..

  Why would it be wrong to use the proportion

Why would it be wrong to use the proportion 0.28 as the proportion of all elements of statistics students who are male?

  What is the correlation coefficient

What is the correlation coefficient and do the data provide sufficient evidence to conclude that the number of years of study and test score are linearly positively correlated? Use α = 0.01

  Set up null and alternative hypotheses for hypothesis test

The bottling company wants to set up a hypothesis test so that the filler will be readjusted if the null hypothesis is rejected. Set up the null and alternative hypotheses for this hypothesis test.

  Provide step by step solving process

A dental clinic at which only one dentist works is open two days a week. During those two days, the traffic arrivals a Poisson distribution with patients arriving at the rate of three per hour. The doctor serves patients at the rate of one every 15 m..

  What is the approximate minimum percentage of data

What is the approximate minimum percentage of data in any frequency distribution that lies within 3 standard deviations of its mean?

  What are the range and standard deviation

Find the mean, median and mode of this information and what are the range and standard deviation - Use the Empirical Rule to establish an interval which includes about 95 percent of the observations.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd