Multiple Choice
Scenario 16.7 - Commencement
Every year at commencement,the president hands out diploma covers to joyous students that cross the front of the auditorium to accept the cover and a hearty handshake.Commencement exercises have averaged 850 students with a standard deviation of 70 the last several years.The bookstore can provide a box of 144 diploma covers for $2,000 but is unwilling to break bulk.Any additional diploma covers must be purchased on the black market at $15 each.
-Use Scenario 16.7 to answer the following.What would the cost of a gross of diploma covers have to fall to in order for an optimal order to equal the mean?
A) $1080
B) $1110
C) $1140
D) $1170
Correct Answer:
Verified
Correct Answer:
Verified
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