You run a school in florida. fixed monthly cost is $5000 for rent and utilities, $3000 is spent in salaries and $500 in insurance. also each student adds up to $90 expense per month for stationary, food etc. you charge $1000 per month from every student. you are considering moving the school to another neighborhood where the rent and utilities will increase to $8000, salaries to $5000 and insurance to $1000 per month. variable cost per student will increase up to $150 per month. however, you can charge $1500 per student. at what point will you be indifferent between your current mode of operation and the new option?

Which is cheaper: eating out or dining in? the mean cost of a flank steak, broccoli, and rice bought at the grocery store is $13.04 (money.msn website, november 7, 2012). a sample of 100 neighborhood restaurants showed a mean price of $12.75 and a standard deviation of $2 for a comparable restaurant meal. a. develop appropriate hypotheses for a test to determine whether the sample data support the conclusion that the mean cost of a restaurant meal is less than fixing a comparable meal at home. b. using the sample from the 100 restaurants, what is the p-value? c. at a = .05, what is your conclusion? d. repeat the preceding hypothesis test using the critical value approach