Answer:
Standard deviation of given data = 3.16227
Step-by-step explanation:
<u><em>Step(i)</em></u>:-
Given sample size 'n' = 5
Given data 4, 6,8,10,12
Mean of the sample x⁻ = 8
Standard deviation of the sample
<u><em>Step(ii)</em></u>:-
Given data
x : 4 6 8 10 12
x-x⁻ : 4 - 8 6-8 8-8 10-8 12-8
(x-x⁻) : -4 -2 0 2 4
(x-x⁻)² : 16 4 0 4 16
S.D = √10 = 3.16227
<u><em> Final answer</em></u>:-
The standard deviation = 3.16227
Answer:
a) Demand function:
b) The rebate should be of $200, so the sale price becomes $300 per unit.
c) The rebate should be of $150, so the sale price becomes $350 per unit.
Step-by-step explanation:
a) In this case, we have a known point of the demand function (1000 units sold at $500), and the slope of a linear function (increase by 100 units fora decrease in $10).
We can express the demand function (linear) as:
To calculate the slope m, we use:
To calculate b, we use the known point and the calculated slope:
Then the demand function is:
b) The revenue can be expressed as:
To maximize, we can derive and equal to zero
The rebate should be of $200, so the sale price becomes $300 per unit.
c) If we take into account the cost, we have that
To maximize, we can derive and equal to zero
The rebate should be of $150, so the sale price becomes $350 per unit.