3/12 + 10/12 = 13/12 because the points lie in-between the 1/6 and 2/6 marks and the 6/6 and 7/6 marks.
1 + -4
2 + -5
3 + -6
4 + -7
Answer:
(a) 2996 units
(b) 1897 units
Step-by-step explanation:
p = 10,000(1 - 3/3 + e^-0.001x)
(a) p = $500
500 = 10,000(1 - 1 + e^-0.001x)
500/10,000 = e^-0.001x
e^-0.001x = 0.05
-0.001x = In 0.05 = -2.996
x = -2.996/-0.001 = 2996 units
(b) p = $1500
1500 = 10,000(1 - 3/3 + e^-0.001x)
1500/10,000 = (1 - 1 + e^-0.001x)
0.15 = e^-0.001x
-0.001x = In 0.15 = -1.897
x = -1.897/-0.001 = 1897 units
70 x 8.5% = 70 x 0.085 = 5.95
