Based on the Question, The target price per person for the party is $51.25.
What is the contribution margin?
The contribution Margin is the difference between a product's or service's entire sales revenue and the total variable expenses paid in producing or providing that product or service. It is additionally referred to as the amount available to pay fixed costs and contribute to earnings. Another way to define the contribution margin is the amount of money remaining after deducting every variable expense from the sales revenue received.
Let's calculate the contribution margin in this case:
Contribution margin = (total sales revenue - total variable costs) / total sales revenue
Given that, The cost to cater a wedding for 100 people includes $1200.00 for food, $800.00 for beverages, $900.00 for rental items, and $800.00 for labor.
Total variable cost = $1200 + $800 = $2000
And, Contribution margin per person = Contribution margin/number of people
Contribution margins per person = $1425 / 100
Contribution margin per person = $14.25
What is the target price per person?
The target price per person = Total cost per person + Contribution margin per person
given that, Total cost per person = (food cost + beverage cost + rental cost + labor cost) / number of people
Total cost per person = ($1200 + $800 + $900 + $800) / 100
Total cost per person = $37.00Therefore,
The target price per person = $37.00 + $14.25
The target price per person = is $51.25
Therefore, The target price per person for the party is $51.25.
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Find the range, the standard deviation, and the variance for the given sample. Round non-integer results to the nearest tenth.
15, 17, 19, 21, 22, 56
To find the range, standard deviation, and variance for the given sample {15, 17, 19, 21, 22, 56}, we can perform some calculations. The range is a measure of the spread of the data, indicating the difference between the largest and smallest values.
The standard deviation measures the average distance between each data point and the mean, providing a measure of the dispersion. The variance is the square of the standard deviation, representing the average squared deviation from the mean.
To find the range, we subtract the smallest value from the largest value:
Range = 56 - 15 = 41
To find the standard deviation and variance, we first calculate the mean (average) of the sample. The mean is obtained by summing all the values and dividing by the number of values:
Mean = (15 + 17 + 19 + 21 + 22 + 56) / 6 = 26.7 (rounded to one decimal place)
Next, we calculate the deviation of each value from the mean by subtracting the mean from each data point. Then, we square each deviation to remove the negative signs. The squared deviations are:
(15 - 26.7)^2, (17 - 26.7)^2, (19 - 26.7)^2, (21 - 26.7)^2, (22 - 26.7)^2, (56 - 26.7)^2
After summing the squared deviations, we divide by the number of values to calculate the variance:
Variance = (1/6) * (sum of squared deviations) = 204.5 (rounded to one decimal place)
Finally, the standard deviation is the square root of the variance:
Standard Deviation = √(Variance) ≈ 14.3 (rounded to one decimal place)
In summary, the range of the given sample is 41. The standard deviation is approximately 14.3, and the variance is approximately 204.5. These measures provide insights into the spread and dispersion of the data in the sample.
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1.Find the period of the following functions. a) f(t) = (7 cos t)² b) f(t) = cos (2φt²/m)
Period of the functions: The period of the function f(t) = (7 cos t)² is given by 2π/b where b is the period of cos t.The period of the function f(t) = cos (2φt²/m) is given by T = √(4πm/φ). The period of the function f(t) = (7 cos t)² is given by 2π/b where b is the period of cos t.
We know that cos (t) is periodic and has a period of 2π.∴ b = 2π∴ The period of the function f(t) =
(7 cos t)² = 2π/b = 2π/2π = 1.
The period of the function f(t) = cos (2φt²/m) is given by T = √(4πm/φ) Hence, the period of the function f(t) =
cos (2φt²/m) is √(4πm/φ).
The function f(t) = (7 cos t)² is a trigonometric function and it is periodic. The period of the function is given by 2π/b where b is the period of cos t. As cos (t) is periodic and has a period of 2π, the period of the function f(t) = (7 cos t)² is 2π/2π = 1. Hence, the period of the function f(t) = (7 cos t)² is 1.The function f(t) = cos (2φt²/m) is also a trigonometric function and is periodic. The period of this function is given by T = √(4πm/φ). Therefore, the period of the function f(t) = cos (2φt²/m) is √(4πm/φ).
The period of the function f(t) = (7 cos t)² is 1, and the period of the function f(t) = cos (2φt²/m) is √(4πm/φ).
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Homework: Homework 8.2 Compute the probability of event E if the odds in favor of E are 6 30 29 19 (B) 11 29 (D) 23 13 (A) P(E)=(Type the probability as a fraction Simplify, your answer)
The probabilities of event E are: Option A: P(E) = 23/36, Option B: P(E) = 1/5, Option D: P(E) = 29/48
The probability of an event can be calculated from the odds in favor of the event, using the following formula:
Probability of E occurring = Odds in favor of E / (Odds in favor of E + Odds against E)
Here, the odds in favor of E are given as
6:30, 29:19, and 23:13, respectively.
To use these odds to compute the probability of event E, we first need to convert them to fractions.
6:30 = 6/(6+30)
= 6/36
= 1/5
29:19 = 29/(29+19)
= 29/48
23:1 = 23/(23+13)
= 23/36
Using these fractions, we can now calculate the probability of E as:
P(E) = Odds in favor of E / (Odds in favor of E + Odds against E)
For each of the given odds, the corresponding probability is:
P(E) = 1/5 / (1/5 + 4/5)
= 1/5 / 1
= 1/5
P(E) = 29/48 / (29/48 + 19/48)
= 29/48 / 48/48
= 29/48
P(E) = 23/36 / (23/36 + 13/36)
= 23/36 / 36/36
= 23/36
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Jeff has 32,400 pairs of sunglasses. He wants to distribute them evenly among X people, where X is
a positive integer between 10 and 180, inclusive. For how many X is this possible?
Answer:
To distribute 32,400 pairs of sunglasses evenly among X people, we need to find the positive integer values of X that divide 32,400 without any remainder.
To determine the values of X for which this is possible, we can iterate through the positive integers from 10 to 180 and check if 32,400 is divisible by each integer.
Let's calculate:
Number of possible values for X = 0
For each value of X from 10 to 180, we check if 32,400 is divisible by X using the modulo operator (%):
for X = 10:
32,400 % 10 = 0 (divisible)
for X = 11:
32,400 % 11 = 9 (not divisible)
for X = 12:
32,400 % 12 = 0 (divisible)
...
for X = 180:
32,400 % 180 = 0 (divisible)
We continue this process for all values of X from 10 to 180. If the remainder is 0, it means that 32,400 is divisible by X.
In this case, the number of possible values for X is the count of the integers from 10 to 180 where 32,400 is divisible without a remainder.
After performing the calculations, we find that 32,400 is divisible by the following values of X: 10, 12, 15, 16, 18, 20, 24, 25, 27, 30, 32, 36, 40, 45, 48, 50, 54, 60, 64, 72, 75, 80, 90, 96, 100, 108, 120, 128, 135, 144, 150, 160, 180.
Therefore, there are 33 possible values for X between 10 and 180 (inclusive) for which it is possible to distribute 32,400 pairs of sunglasses evenly.
Hope it helps!