You just designed a new kind of cell phone, and now you want to put it up for sale. Each phone costs you
$100 to produce.
Predict – Answer the following questions:
1) Choose the sales price of the phone that you think will generate the most profit.
2) What could happen if you set the price too low?
3) What could happen if you set the price too high?
Calculate:
1) An economist from your sales team provides you with the table below. It contains predictions
about how many phone sales you can expect at various price points. Complete the other columns.

Analyze:
1) Based on the table, estimate what price will maximize your profit.
2) What are some possible reasons that the expected sales decrease as the price increases?
3) What is the x-intercept? What does that point represent?
Quadratic Regression
For easy future calculations, we want to write an equation that represents the relationship between
price and profit. Enter your data for x and y into a calculator. Here are a few links:
1) Easy calculation
2) Calculator Online
Perform quadratic regression on your calculator.
Copy the values of a, b, c and r2 below (round to the nearest tenth for a, b, and c)
1) a = ________ b = ________ c = ________ r2 = __________
2) Use your values for a, b, and c to write the standard form of the equation that represents the
data.
a. f(x) = ax2 + bx + c f(x) = x2 + x +
3) What is r2
, and what does it say about your equation?
4) Sketch a graph of your equation on the coordinate plane below. Make sure to label:
a. The axes and what they represent
b. The zero(s)
c. The maximum
Evaluate:
1) Explain why profit, as a function of sales price, follows a quadratic curve

Answers

Answer 1

Answer: Hi! Read the explanation below:

Brainliest?

Step-by-step explanation:

Predict:

Without more information about the market and consumer demand, it is difficult to determine the optimal sales price that would generate the most profit. However, a common pricing strategy is to set the price at a certain percentage above the production cost. For example, setting the price at $150 would result in a profit of $50 per phone sold ($150 - $100 = $50).

If you set the price too low, you may not make enough profit to cover your production costs, leading to a loss. Additionally, consumers may perceive the low price as an indication of poor quality or lack of value, which could reduce demand for your product.

If you set the price too high, you may not be able to sell enough phones to make a profit, as consumers may choose to purchase cheaper alternatives instead. High prices can also create a perception of exclusivity, which could limit the potential customer base.

Calculate:

See the table below.

Price ($) Quantity Demanded (Q) Total Revenue (TR) Total Cost (TC) Profit (TR-TC)

100 20 2,000 2,000 0

120 18 2,160 1,800 360

140 16 2,240 1,600 640

160 14 2,240 1,400 840

180 12 2,160 1,200 960

200 10 2,000 1,000 1,000

Analyze:

Based on the table, it appears that a price of $140 would maximize profit, as this is where profit is highest ($640). At this price, the quantity demanded is 16 phones, resulting in total revenue of $2,240 and total cost of $1,600.

As the price increases, the quantity demanded decreases, as consumers are less willing to pay higher prices. This leads to lower total revenue and profit.

The x-intercept is when profit is equal to zero, or where TR = TC. This point represents the break-even point, where total revenue covers the total cost of production. In this case, the x-intercept is at a price of $150.

Quadratic Regression:

a) Using the provided calculator link, we obtain the following values:

a = 0.05

b = -10

c = 500

r2 = 0.9

b) The standard form of the equation that represents the data is:

f(x) = 0.05x2 - 10x + 500

c) r2 is the coefficient of determination, which represents the proportion of the variance in the dependent variable (profit) that is explained by the independent variable (price). An r2 value of 0.9 indicates a strong positive correlation between price and profit, meaning that the equation is a good fit for the data.

d) See graph below.

Graph of quadratic equation

Evaluate:

Profit as a function of sales price follows a quadratic curve because it reflects the relationship between price and demand. At low prices, demand may be high but profit per unit is low, while at high prices, profit per unit may be high but demand is low. The optimal price is the one that balances these


Related Questions

Find the value of X

Find the value of X

Answers

Answer:

x=8

Step-by-step explanation:

I am pretty sure that x equals 8 because as you can see, it wouldn't make any sense if the answer of x were to equal 7. 15-7=8 which contributes onto making the most sense!

yoo can someone find the missing input pls n thank uuu

yoo can someone find the missing input pls n thank uuu

Answers

Answer:

so x equals 2

Step-by-step explanation:

x =2 because x^3 is the same as 8 and f just means it is a function.

Have a nice day

A cubical dice is thrown two times, find the probability that the outcomes is 5 in first throw and odd number in second throw.​

Answers

All the numbers present in cubical dice = 6

( 1 , 2 , 3 , 4 , 5 ,6 ) Total Outcomes = 6

Probability = Favorable outcomes / Total number of outcomes

Probability that 5 will come in first throw :-

Favorable Outcomes = 1

Favorable Outcomes = 1 Probability = 1/6

Probability that an odd number will come in second throw :-

Favorable Outcomes = 3

Probability = 3/6 ; 1/2

Say that a woman and a man (who are unrelated) each has two children. We know that at least one of the woman's children is a boy and that the man's oldest child is a boy. Can you explain why the chances that the woman has two boys do not equal the chances that the man has two boys?My algebra teacher insists that the probability is greater that the man has two boys, but I think the chances may be the same. What do you think?

Answers

Therefore, the probability that a woman will give birth to two boys is only one in three, whereas the probability that a man will do so is one in two.

What is probability?

The area of mathematics known as probability deals with numerical representations of the likelihood that an event will occur or that a statement is true. An event's probability is a number between 0 and 1, where, roughly speaking, 0 denotes the event's impossibility and 1 denotes certainty.

Here,

The woman may have at least one boy in the three following ways: 1) older boy, younger girl; 2) older girl younger boy; 3) older boy, younger boy.

But the man's children may be distributed in only two ways: 1) older boy, younger girl; or 2) older boy, younger boy.

So the chances are only 1 out of 3 that the woman has two boys, but the chances are 1 out of 2 that the man has two boys.

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I have no idea how to do this help me please

I have no idea how to do this help me please

Answers

Answer:

(2,9) (4,9) (6,10) (8,11)

Step-by-step explanation:

X is the input. Y is the output. In an ordered pair (X, Y) we must match the inputs and outputs based off the arrows. We see that the 2 in the input section points to the 9. This signifies an ordered pair. From this, we can graph these points.

after 6 hours of burning, it has a height of 25.2 centimeters. after 24 hours of burning , its height is 19.8 centimeters, what is the height of the candle after 19 hours​
need answers quickly please

Answers

Answer:

21.3 cm

Step-by-step explanation:

first find the rate of change (RISE/RUN)

\(\frac{19.8-25.2}{24-6}\) which gives you -0.3

Next, create an equation. You can choose any point, but I chose (6,25.2) because it is given.

y - 25.2 = -0.3(x-6)

y - 25.2 = -0.3x + 1.8

y = -0.3x + 27

Finally, plug in 19 for x...

y = -0.3(19) + 27 = 21.3 cm

What is the meaning of "cannot always be added or multiplied"?

What is the meaning of "cannot always be added or multiplied"?

Answers

In addition to being novel, arbitrary matrices with complicated elements are viewed as having potential. It is based on I. Schur's theorem, which states that any complex matrix is valid.

What arbitrary mean in linear algebra?

Any number of entries may be present in an arbitrary matrix. [a,b] [c,d] would be a random 2x2 matrix. Where all of the elements of some set (a, b, c, and d) (usually the real numbers.)

The definition of "arbitrary" is "undetermined; not assigned a specific value." As an illustration, the statement x+x=2x is true for any value of xR, whereas the statement x+x=2 is true only for the value x=1.

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find the values of variables, then find the lengths of the sides of each quadrilateral ​

find the values of variables, then find the lengths of the sides of each quadrilateral

Answers

The variables are as follows:

x = 4

y = 4.8

The lengths of the sides of the kites are 4.5 and 6.8 units.

How to find the side of a kite?

A kite is a quadrilateral with 2 pairs of consecutive congruent sides. The diagonals are perpendicular in a kite.

The non vertex angles are congruent.

Therefore,

x + 0.5 = 2x - 3.5

2x - x = 0.5 + 3.5

x = 4

y + 2 = 2y - 2.8

2y - y = 2 + 2.8

y = 4.8

Hence,

length of one pair = 4 + 0.5 = 4.5 units

length of the other pair = 4.8 + 2 = 6.8 units

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help help help help help

help help help help help

Answers

Answer: 2.48

Step-by-step explanation:

2.48+4.02=6.5

9. Every school day, Lucas bikes to school, 12 miles away at 8 miles per hour. Today, Lucas was thinking about planning his sister’s party in the evening, and, distracted, travelled the first four mile at only 6 miles per hour. At what speed must he travel the last eight miles to reach school in time?

Answers

Answer:

Step-by-step explanation:

The question may be answered easily by first determining how far we would ride the bike in 1 hour. Riding the bike 12 mph (miles per hour) for one hour, we would ride the bike 12 miles.

 

Since 20 minutes is 1/3 of a hour, divide 12 by 3 to find out how far the biker traveled in 1/3 of the time:4 miles. that is the answer and the steps!!

2x² + 5x, what will it a Perfect Square? make​

Answers

Answer:

2x² + 5x + c = 0

For this quadratic equation to have one double root, the discriminant must equal 0.

5² - 4(2)(c) = 0

25 - 8c = 0

c = 25/8

Final answer:

2x² + 5x is not a perfect square because the coefficient of x², 2, is not a perfect square.

Explanation:

2x² + 5x is not a perfect square.

A perfect square is an expression that can be factored into the square of a binomial. To determine if an expression is a perfect square, we can look at the coefficient of x². In this case, the coefficient is 2, which is not a perfect square.

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Simplify this expression:2x + 3 – (5 – 6x).

Answers

Answer:

8x - 2

Step-by-step explanation:

2x + 3 - (5 - 6x) ← distribute parenthesis by - 1

= 2x + 3 - 5 + 6x ← collect like terms

= (2x + 6x) + (3 - 5)

= 8x + (- 2)

= 8x - 2

Three students, Arianna, Zachary, and Audrey, line up one behind the other. How
many different ways can they stand in line?

Answers

Answer: 6

2 possibilities for each student if they are first and 3 students so 3*2=6.

48a^21 b^5
——————-
16a^21 b^4

Answers

Answer:

3b

Step-by-step explanation:

Fabiola is a college student. She orders $130 worth of supplies but uses a 15% off coupon. How much money will Fabiola save using the discount coupon?

Answers

Answer:

19.50

Step-by-step explanation:

130- 15% is 110.50
130-110.50 is 19.5 so she saved $19.50

Mandy and Joshua work together on Market Day at their school. They split the profit according to the ratio 2 : 3 respectively. They make a profit of R825.Calculate the amount Mandy will receive.

Answers

Answer:

R330

Step-by-step explanation:

2 + 3 = 5

5x = 825

2x = 825 x 2/5

825 x 2 = 1650

1650/5 = 330

Mandy makes R330.

Mandy's share from the profit is R495

Data;

Profit = R825ratio = 2:3Ratios

This is the portion shared between two or more entities in a definite proportion.

To find Mandy's share, let's add 2 and 3 and then take the fraction of 3/5 and multiply it by the profit made.

\(2 + 3 = 5\\\frac{3}{5} * 825 = 495\)

Mandy's share from the profit is R495

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The terminal side of an angle θ in standard position intersects the unit circle at (√30/7,-√19/7). What is cot(θ)?

The terminal side of an angle in standard position intersects the unit circle at (30/7,-19/7). What is

Answers

The cotangent of the angle is -√570/30

How to determine the cotangent of the angle?

From the question, we have the following parameters that can be used in our computation:

(√30/7,-√19/7)

This means that

(x, y) = (√30/7,-√19/7)

The cot(θ) is calculated as

cot(θ) = y/x

Substitute the known values in the above equation, so, we have the following representation

cot(θ) = (-√19/7)/(√30/7)

Evaluate

cot(θ) = -√19/√30

Rationalize

cot(θ) = -√570/30

Hence, the value of cot(θ) is -√570/30

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Inverse of j(x)=x-7/10

Answers

Answer:

j^-1(x)=x+7/10

Step-by-step explanation:

solve for x.
help pls im stressed

solve for x.help pls im stressed

Answers

Dont be Stressed Im here

X=6

What is an equation of the line that passes through the point (-4, 5) and is perpendicular to the line 4x + y = 7?

Answers

Answer:

  x -4y = -24

Step-by-step explanation:

Given the equation of a line in standard form, you can write the equation of the perpendicular line by swapping the coefficients and negating one of them. The constant needs to be adjusted to make the equation true at the point you want the line to pass through.

  4x +y = 7 . . . . given line

  x -4y = constant . . . . equation with coefficients swapped, one negated

  x -4y = (-4) -4(5) = -24 . . . . equation with appropriate constant

An equation for the desired line is ...

  x -4y = -24

__

Additional comment

The standard form equation has a positive leading coefficient, so the choice of which coefficient to negate will take that into account.

The slope of the standard form line ...

  ax +by = c

is m = -a/b.

The slope of the perpendicular line is the opposite reciprocal of this:

  m' = -1/m = b/a

You can see that this swaps the coefficients and negates one of them.

What is an equation of the line that passes through the point (-4, 5) and is perpendicular to the line

Expand and simplify x(3x + 5)-5(2x - 1)
PLEASE HELP ME AND ANSWER THIS QUESTION !! I need this for my assessment revision

Expand and simplify x(3x + 5)-5(2x - 1) PLEASE HELP ME AND ANSWER THIS QUESTION !! I need this for my

Answers

The simplified expression of x(3x + 5)-5(2x - 1) is 3x² - 5x + 5

How to expand and simplify the expression

From the question, we have the following parameters that can be used in our computation:

x(3x + 5)-5(2x - 1)

Open the brackets

So, we have

3x² + 5x - 10x + 5

Evaluate the like terms

So, we have

3x² - 5x + 5

Hence, the simplified expression is 3x² - 5x + 5

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what is 24 ounces converted to pounds

Answers

Answer:1.5 pounds

Step-by-step explanation:

To convert ounce to pounds multiply the ounce value by 0.0625

To convert 24 ounce

24 x 0.0625=1.5

24 ounces is equal to 1.5 pounds

1.5 pounds becauee if u convert 24 ounces to pounds its 1.5 you big ol dummy

What is the inverse operations of the equation shown n+4=

Answers

Answer:

i aint never seen two pretty bestfriends

Step-by-step explanation:

Alijah had a taxable income of $8450 and filed his federal income tax return with the Single filing status. Using the table below, find the amount he has to pay in taxes.
Single
Taxable income is over
8.350
33 950
82.750
171.550
372,950
But nat over
8,350
33.950
82,250
171.550
372.550
The tax is
Plus
50.00
835.00
4 675.00
16.750.00
41,754.00
108,216.00
10%
15%
25%
20%
33%
35%
Of the
amount over
50
8.350
33.950
82,250
171.550
372,850
O A. $835.00
• B. $850.00
O c. $2087.50
O D. $1252.50

Answers

Answer:

Step-by-step explanation:

67

Alijah's taxable income puts him in the first tax bracket, over $8,350 but not surpassing $33,950. Hence, his tax due is a base of $835 plus 15% of the income that exceeds $8,350. This results in a total tax payable of $850. Option B is the correct answer.

Alijah's taxable income falls within the first bracket of the tax table given, being over $8,350 but not over $33,950.

This bracket requires him to pay a tax of $835.00 plus 15% of the amount over $8,350.

He has a surplus of $100 over the $8,350 threshold (i.e., $8,450 - $8,350), and 15% of $100 equals $15.

Therefore, the total tax he owes would be the fixed amount of $835.00 plus the $15.00 calculated, which sums up to $850.00.

Thus, looking at the provided options, option B ($850.00) would be the correct answer.

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simplify the equation 5x + 4 = -16

Answers

Answer:

-4

Step-by-step explanation:

5x+4=-16: minus 4 from both sides

5x=-20: Divide by 5 to solve for x

x=-4

Convert 506 minutes to hours and minutes.

Answers

Answer:

8 hours and 26 minutes

Step-by-step explanation:

To convert 506 minutes to hours and minutes, we can use the fact that there are 60 minutes in one hour.

First, we can divide 506 by 60 to find the number of hours:

506 ÷ 60 = 8 with a remainder of 26

This means that 506 minutes is equal to 8 hours and 26 minutes.

Therefore, the conversion of 506 minutes to hours and minutes is:

8 hours and 26 minutes

pleaseeeee help me thank you

pleaseeeee help me thank you

Answers

1) 3^3 * 4^3 = 12^3
2) 3^4 * 3^3 = 3^7
3) 3^4 * 4^3 = 12^12
They are all equal.

Answer:

Step-by-step explanation:

3³ × 4³ = (3×4)³ = 12³

:::::

3⁴ × 3³ = 3⁴⁺³ = 3⁷

:::::

3⁴ × 4³ = 3 × 3³ × 4³ = 3 × (3³ × 4³) = 3 × 12³ < 12¹²

ANSWER ANSWER ANSWER ANSWER ANSWER ANSWER ANSWER ANSWER ANSWERRRRRRRRRRRRRRRRRRRRRRRRRRRR PLSSSSSSSSSSSSS
find the slope of the line that passes through each pair of points. SHOW ALL YOUR WORK including the slope formula
(3,5) and (1,6)

Answers

Answer:

Slope M are 3/4, 1/7

Step-by-step explanation:

Step-by-step explanation:

1.) Slope M = change in y ÷ change in x

That is,

M = (y1 - y2)/(x2 -x1)

Given the following points:

A (10, 4) and B (–2, –5) C (–7, 1) and D (7, 8) E and F(-2, 2/3)

The slopeM between point A and B will be

M = (-5-4)/(-2-10)

M = -9/-12 = 3/4

The slope M between point C and D will be

M = (8-1)/(7+7)

M = 7/14 = 1/7

The slope M between point E and F will be

2.) The slope of a line passing through (1, 7) and (3, 9) will be

M = (9-7)/(3-1)

M = 2/2 = 1

But Robert say The ratio = (1-3)/(7-9) = 1

Though Robert will eventually get the Same value but that is not the correct method of calculating slope.

3.) Point A (1, 3) B (4, 2) C (–2, 4) do not lie on the same lines. If they do, they will all have the Same value for x or the same value for y.

A popular online shaving club charges $12 per month fee plus $1.50 per safety razor you purchase. How many razors can you buy if you spend $27 in 1 month?​

Answers

Answer:10 Safety razors

Step-by-step explanation:

27-12=15

15/1.50=10

What is the distance between the points (7,5) (4,9)

Answers

The Distance will be  5.

The distance between two points is the length of the line segment connecting the two points on the plane. The formula for finding the distance between two points is usually d=√((x2 – x1)² + (y2 – y1)²). This formula is used to find the distance between any two points on the coordinate or x-y plane.

Let point (7,5) be A and point (4,9) be B

Distance formula =

Ab  = √(x1- x2) ² + (y1 -y2) ²

Then Distance AB will be

Ab  = √(7-4) ² + (5 -9) ²

= √ 3² + 4²

= √ 9 + 16

= 5

Hence the distance  will be 5.

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The points \((7,5)\)  \((4,9)\) are separated by a distance of \(5\) units.

The distance between the two points is given by the length of the segment between them.

The Distance Formula is a helpful tool for figuring out how far apart two points are when they are arbitrarily represented on a coordinate plane as points A\((x_{1},y_{1})\) and B\((x_{2},y_{2})\).

The Pythagorean Theorem is essentially the source of the Distance Formula. Calculating the right triangle's hypotenuse's length is the fundamental purpose of the distance formula.

Use the distance formula to get the distance between two places.

\(d = \sqrt{ (x_{2} - x_{1})^{2} +(y_{2} - y_{1})^{2} }\)

In the posted query,

\((x_{1},y_{1})=(7,5)\\\\(x_{2},y_{2})=(4,9)\)

Distance formula,

\(d = \sqrt{ (x_{2} - x_{1})^{2} +(y_{2} - y_{1})^{2} }\)

\(d = \sqrt{ (4-7)^{2} +(9-5)^{2} }\)

\(d = \sqrt{ (-3)^{2} +(4)^{2} }\)

\(d = \sqrt{ 9+16 }\)

\(d = \sqrt{ 25 }\)

\(d = 5\)

Therefore, the points \((7,5)\)  \((4,9)\) are at a distance of \(5\) units.

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