Assume that the demand curve is linear. Find the demand, q, as a function of price, p. nswer: q = . Write the revenue function, as a function of price. Answer: R(p) = . Find the price that maximizes revenue. Hint: you may sketch the graph of the revenue function. Round your answer to the closest dollar. nswer: . Find the maximum revenue. Answer:
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
A new software company wants to start selling DVDs with their product. The manager notices that when the price for a DVD is 17 dollars, the company sells 141 units per week. When the price is 34 dollars, the number of DVDs sold decreases to 80 units per week. Answer the following questions:
A new software company wants to start selling DVDs with their product. The manager notices that when the price for a DVD is 17 dollars, the company sells 141 units per week. When the price is 34 dollars, the number of DVDs sold decreases to 80 units per week
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
