College Tuition Nikki and Joe take classes at a community college, LCCC, and a local university, SIUE. The number of credit hours taken and the cost per credit hour ( 2018 − 2019 academic year, tuition and approximate fees) are as follws: LCCC SIUE Nikki 6 9 Joe 3 12 Cost per Credit Hour LCCC $ 148.00 SIUE $ 404.40 Write a matrix A for the credit hours taken by each student and a matrix B for the cost per credit hour. Compute A B and interpret the results.
College Tuition Nikki and Joe take classes at a community college, LCCC, and a local university, SIUE. The number of credit hours taken and the cost per credit hour ( 2018 − 2019 academic year, tuition and approximate fees) are as follws: LCCC SIUE Nikki 6 9 Joe 3 12 Cost per Credit Hour LCCC $ 148.00 SIUE $ 404.40 Write a matrix A for the credit hours taken by each student and a matrix B for the cost per credit hour. Compute A B and interpret the results.
Solution Summary: The author determines the matrix for the credit hours taken by each student and the cost per credit hour for Nikki and Joe.
College Tuition Nikki and Joe take classes at a community college, LCCC, and a local university, SIUE. The number of credit hours taken and the cost per credit hour (
2018
−
2019
academic year, tuition and approximate fees) are as follws:
LCCC
SIUE
Nikki
6
9
Joe
3
12
Cost
per
Credit
Hour
LCCC
$
148.00
SIUE
$
404.40
Write a matrix
A
for the credit hours taken by each student and a matrix
B
for the cost per credit hour.
TYPE
FEES PER PUPIL
FULL TIME PUPIL
PART TIME PUPIL
$200
$100
A campus student group is raising funds for charity by selling cups of boba tea. The expenses incurred by this student group are the cost of materials, estimated at $2 per cup (tea, boba, milk, sugar, cups, the big honking straws, napkins, etc.) and the $150 cost of renting the brewing and cooking space. The group will charge students $4 for each cup.a. Write down the associated cost, revenue, and profit functions. b. How many cups of boba must they sell to break even?c. What profit (or loss) results from the sale of 50 cups?
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