Roy and Jennie are looking for a company to help plan their wedding. Company A charges an amount based on the cost function, C - Vn+ F, where Cis the total cost, Vis the variable cost, Fis the fixed cost, and nis the number of people who attend the wedding. Suppose nis a random variable with a - 47 and a- 8. Also, V- 40 and F- 2500. (Round your answers to the nearest dollar.) (a) What is the mean for the total cost? Answer. dollars (b) What is the standard deviation for the total cost? Idollars

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Roy and Jennie are looking for a company to help plan their wedding. Company A charges an amount based on the cost function, C= Vn + F, where Cis the total cost, Vis the variable cost, Fis the fixed cost, and nis the number of people who attend the wedding. Suppose nis a random variable with µ
= 47 and o = 8. Also, V= 40 and F = 2500. (Round your answers to the nearest dollar.)
(a) What is the mean for the total cost?
Answer:
dollars
(b) What is the standard deviation for the total cost?
dollars
Answer:
Transcribed Image Text:Roy and Jennie are looking for a company to help plan their wedding. Company A charges an amount based on the cost function, C= Vn + F, where Cis the total cost, Vis the variable cost, Fis the fixed cost, and nis the number of people who attend the wedding. Suppose nis a random variable with µ = 47 and o = 8. Also, V= 40 and F = 2500. (Round your answers to the nearest dollar.) (a) What is the mean for the total cost? Answer: dollars (b) What is the standard deviation for the total cost? dollars Answer:
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