Organizers of an Internet Training Session Will Charge Participants $150

question 16

Essay

Organizers of an Internet training session will charge participants $150 to attend.It costs $3000 to reserve the room,hire the instructor,bring in the equipment,and advertise.Assume it costs $25 per student for the organizers to provide the course materials.
a.How many students would have to attend for the company to break even?
b.If the trainers think,realistically,that 20 people will attend,then what price should be charged per person for the organization to break even?

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Definitions:

Well-structured Problem

Refers to problems that have clearly defined goals, constraints, and solution paths, making them easier to solve through logical processes.

Uncertainty

A situation where the outcomes or consequences of actions are unpredictable or unknown.

Well-structured Problem

A problem characterized by a clear goal, known solution paths, and definite criteria for evaluating solutions.

Uncertainty

A condition of limited knowledge where it is impossible to exactly describe existing states, future outcomes, or their probabilities.