2- El Supper Store has a chain of 20 stores in El Gouna and Sahel. Sales figures and profits for the stores are given in the following table: Unit Sales, x in miions Profits, y in miilions 7 0.15 2 0.1 6 0.65 4 0.15 14 0.25 15 0.27 16 0.24 12 0.90 14 0.27 20 0.44 15 0.34 7 0.17 8 0.50 14 0.25 15 0.57 16 0.24 12 0.20 14 0.70 14 0.25 15 0.27 16 0.45 Predict profit for a store assuming sales of $17 million

2- El Supper Store has a chain of 20 stores in El Gouna and Sahel. Sales figures and profits for the stores are given in the following table: Unit Sales, x in miions Profits, y in miilions 7 0.15 2 0.1 6 0.65 4 0.15 14 0.25 15 0.27 16 0.24 12 0.90 14 0.27 20 0.44 15 0.34 7 0.17 8 0.50 14 0.25 15 0.57 16 0.24 12 0.20 14 0.70 14 0.25 15 0.27 16 0.45 Predict profit for a store assuming sales of $17 million

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter7: Nonlinear Optimization Models

Section7.3: Pricing Models

Problem 4P

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