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Solve the following exercise using Excel only.
Micromedia offers computer 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 $600 per student. The cost for the conference room, instructor compensation, lab assistants, and promotion is $9,600. Micromedia rents computers for its seminars at a cost of $60 per computer per day. Question: find the breakeven point for this problem using Excel. Indicate what the breakeven point is.
To find out the efficiency of the current ticket operation, Mike wishes to examine several queue operating features.
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Tom works the night shift at a gas station on the edge of Champaign. One night he mixed 3 stale doughnuts in with 13 fresh doughnuts. That night 6 customers bought one doughnut each, selecting them at random. What is the probability that at least ..
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