Answer:
Step-by-step explanation:
Given that minimum is 8 and maximum equals 82
Range =
No of classes =6
Class width = 76/6 ~13
But not given whether variable is discrete or continuous.
If discrete, we have classes as
8-20, 21-33, 34-46, 47-59, 60-72, 73-85
If continuous, we have classes as
8 to <21
21 to <34
and ... ending 73-<86
Answer:
(a) P(x) = 300 x - 3600
(b) P(340) = $ 98400
(c) At least 12 items must be sold to avoid losing money.
Step-by-step explanation:
Part (a):
The Profit function is the difference between the revenue function (R(x)) and the Cost (C(x)) function:
P(x) = R(x) - C(x)
P(x) = 384 x - [84 x + 3600]
P(x) = 384 x - 84 x - 3600
P(x) = 300 x - 3600
Part (b):
The profit on 340 items is:
P(340) = 300 (340) - 3600
P(340) = 102000 - 3600
P(340) = $ 98400
Part (c):
To avoid losing money, the profit P(x) has to be larger or equal than zero. That is:
P(x) 0
300 x -3600 0
300 x 3600
x 3600/300
x 12
So at least 12 items must be sold to avoid losing money.