Problema Solution
Part E)
Average cost function A(N)= _TOTAL COST______ = _C(N)_
Number of attendees N
Find formula for A(N)
List 5 data points(N,A(N)) then graph A(N).(Use a reasonable scale on each axis - showing them on the graph)
Use the formula, table and graph to answer these questions.
(a) compute the average cost when 200 people attend the event.
(b)how many people need to attend so that the average cost is $18 or less?
(c)what value does the average cost approach as the number of attendees to the event increase to 500 people, 600, and beyond?(i.e find the limiting value for average cost.)
Answer provided by our tutors
Average cost function A(N)= _TOTAL COST______ = _C(N)_
Number of attendees N
Find formula for A(N)
List 5 data points(N,A(N)) then graph A(N).(Use a reasonable scale on each axis - showing them on the graph)
Use the formula, table and graph to answer these questions.
(a) compute the average cost when 200 people attend the event.
(b)how many people need to attend so that the average cost is $18 or less?
(c)what value does the average cost approach as the number of attendees to the event increase to 500 people, 600, and beyond?(i.e find the limiting value for average cost.)0 wii be answer