What is the box plot for the numbers 32 37 41 44 46 48 53 55 57 57 59 63 65 66 68 69 70 71 74 74 75 77 78 79 81 82 83 86 89 92 9
5 99?
1 answer:
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The profit function is the difference between the cost and the revenue functions.
The true statement is (a) If material 2 is used, Carrie will earn a profit if she sells chairs for more than $150 each.
<h3>How to determine the true profit functions</h3>From the complete questions, the profit functions are calculated as follows:
<u>Material 1</u>
<u>Material 2</u>
<u>Material 3</u>
Next, we test the options
Option 1: When material 2 is used
A price is greater than $150 is $151.
Calculate P(151) using
So, we have:
P(151) is greater than 0; this represents a profit
Hence, option (1) is true
Option 2: When material 1 is used
A price is less than $50 is $49.
Calculate P(49) using
So, we have:
P(49) is less than 0; this represents loss
Hence, option (2) is false
Option 3: When material 3 is used
Calculate P(45) and P(160) using
So, we have:
P(45) is less than 0; this represents loss
Hence, option (3) is false
Option 1: When material 2 is used
Calculate P(30) and P(120) using
So, we have:
P(30) is less than 0; this represents a loss
Hence, option (4) is false
Option 2: When material 1 is used
Calculate P(40) and P(70) using
So, we have:
P(49) is less than 0; this represents loss
Hence, option (5) is false
The above means that:
The true statement is (a) If material 2 is used, Carrie will earn a profit if she sells chairs for more than $150 each.
Read more about revenue functions at: