Question

Which statements are true? check all that apply. the data is best represented by an exponential model. the data is best represented by a quadratic model. if the price is $5 per unit, the expected profit is approximately $4,686. if the price is $80 per unit, the expected profit is negative. as the price per unit increases, the profit increases indefinitely.

Answer 1

The statements true are B)The data is best represented by a quadratic model. and C) If the price is $5 per unit, the expected profit is approximately $4,686.

We have the Information regarding the data is given below

What is the meaning of expected profit?

Expected profit is the probability of receiving a certain profit times the profit, and the expected cost is the probability that a certain cost will be incurred times the cost.

The data should be best presented by  the quadractic model.

In the case when the price should be $5 per unit so the profit should be $4,686.

Therefore,option B and option C these two options are correct.

Theefore the  true  statements are,The data is best represented by a quadratic model. and If the price is $5 per unit, the expected profit is approximately $4,686.

To learn more about the expected profit visit:

brainly.com/question/24778422