Complete question is;
A model for a company's revenue from selling a software package is R = -2.5p² + 500p, where p is the price in dollars of the software. What price will maximize revenue? Find the maximum revenue.
Answer:
Price to maximize revenue = $100
Maximum revenue = $25000
Step-by-step explanation:
We are told that:
R = -2.5p² + 500p, where p is the price in dollars of the software.
The maximum revenue will occur at the vertex of the parabola.
Thus, the price at this vertex is;
p = -b/2a
Where a = - 2.5 and b = 500
Thus:
p = -500/(2 × -2.5)
p = -500/-5
p = 100 in dollars
Maximum revenue at this price is;
R(100) = -2.5(100)² + 500(100)
R(100) = -25000 + 50000
R(100) = $25000
Step-by-step explanation:
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Answer:
5 cups
Step-by-step explanation:
1 1/3 x 3 3/4 = 5
Answer:
Residual = 11.462
Since the residual is positive, it means it is above the regression line.
Step-by-step explanation:
The residual is simply the difference between the observed y-value which is gotten from the scatter plot and the predicted y-value which is gotten from regression equation line.
The predicted y-value is given as 20.7°
The regression equation for temperature change is given as;
y^ = 9.1 + 0.6h
h is the observed amount of humidity and it's given to be 23 percent or 0.23.
Thus;
y^ = 9.1 + 0.6(0.23)
y^ = 9.238
Thus:
Residual = 20.7 - 9.238
Residual = 11.462
Since the residual is positive, it means it is above the regression line.