Suppose you have a work study job in the office of your college’s president, and she asks you to compute the cost of instruction per full time equivalent student at your college. The college’s vice president for finance provides the following information.
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Costs: |
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Total cost of instruction |
$9,000,000 |
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Student population: |
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Full time students |
900 |
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Part time students |
1,000 |
Part time students take 60% of the classes of a full time student during the year. To compute the number of full time equivalent students per year.