uppose it costs the university \$6200 to offer a section of a class (regardless of the number of students enrolled so this is a fixed cost)

The enrollment in a course offered by the College of Business is random and is described by the foll Show more The enrollment in a course offered by the College of Business is random and is described by the following probability distribution: there is a 9% chance of 18 students 22% chance of having 28 students 34% chance of having 38 students and otherwise there are 49 students. Suppose it costs the university \$6200 to offer a section of a class (regardless of the number of students enrolled so this is a fixed cost) and tuition is \$340 per student per class. What is the expected profit or loss for the University on this class? Show less

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