Answer:
Step-by-step explanation:
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Out of the 130 people surveyed, 99 people said they liked the movie. So to figure out the probability that the next person likes the movie, you divide 99 from 130.
The answer is approximately 76%.
Solution :
Demand for cola : 100 – 34x + 5y
Demand for cola : 50 + 3x – 16y
Therefore, total revenue :
x(100 – 34x + 5y) + y(50 + 3x – 16y)
R(x,y) = 

In order to maximize the revenue, set



.............(i)


.............(ii)
Solving (i) and (ii),
4 x (i) ⇒ 272x - 32y = 400
(ii) ⇒ (-<u>) 8x - 32y = -50 </u>
264x = 450
∴ 

So, x ≈ $ 1.70 and y = $ 1.99
R(1.70, 1.99) = $ 134.94
Thus, 1.70 dollars per cola
1.99 dollars per iced ted to maximize the revenue.
Maximum revenue = $ 134.94