A conference consists of 5 sessions: A, B, C, D, and E. Here are the costs of the sessions.

Session A: $50
Session B: $50
Session C: $100
Session D: $150
Session E: $200

A participant plans to attend 3 sessions. Here is a list of all possible samples of size 3 sessions from this population of 5 sessions: ABC, ABD, ABE, ACD, ACE, ADE, BCD, BCE, BDE, and CDE. If sessions A, B, and C are selected, what is the sample minimum session cost?

$50
$66.67
$100
$200

When the list of all possible samples of size 3 sessions from this population of 5 sessions are given. The sample minimum session cost should be considered as the $200.

Since

Session A: $50

Session B: $50

Session C: $100

Session D: $150

Session E: $200

So here the minimum cost be

= $50 + $50 + $100

= $200

hence, The  sample minimum session cost should be considered as the $200.

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