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Which method of gathering data is described by the statement "these are run only when probabilities are known as fact
1 answer:
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Answer:
Minimum number of units sold to make profit is equal to 20
Step-by-step explanation:
Revenue earned by the company as a function of number of units sold as x:
R(x) = 0.55x
Cost for selling units as a function of number of units sold as x:
C(x) = 10 + 0.05x
<em>Net profit earned by the company = (Revenue earned by the company) - (Cost of selling units)</em>
P(x) = (0.55x) - (10 + 0.05x)
P(x) = 0.55x - 10 - 0.05x
P(x) = 0.5x - 10
To earn profit the following condition should satisfy: P(x) ≥ 0
0.5x - 10 ≥ 0
0.5x ≥ 10
x ≥
x ≥ 20