A University Schedules Summer School Courses Based on Anticipated Enrollment

question 8

Short Answer

A university schedules summer school courses based on anticipated enrollment.The cost for faculty compensation,laboratories,student services,and allocated overhead for a computer class is $8500.If students pay $920 to enroll in the course,how large would enrollment have to be for the university to break even?

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Definitions:

Failure Rate

The frequency at which an engineered system or component fails, expressed in failures per unit of time. It is often used to analyze the reliability of products.

New Products

Items that a company offers to the market for the first time, ranging from entirely new inventions to updates or modifications of existing products.

Product Launch

A product launch refers to the process of introducing a new product into the market, involving a series of promotional activities designed to generate awareness and interest among potential customers.

Political Office

A position of authority within a government organization that is acquired through an electoral process or appointment.