Answer:
a. Revenue = $23,660
b. Revenue = $40,837.50
Explanation:
a) Data and Calculations:
Minimum number of chairs to be sold under the deal = 260
Price at minimum number of chairs (260) = $91
Maximum number of chairs to be sold under the deal = 450
Discount offered for quantity above 260 = $0.25 per chair on the entire order
Price at maximum number (or just above 260 chairs) = $90.75 ($91 - $0.25)
Minimum revenue to be made under this deal = $23,660 (260 * $91)
Maximum revenue to be made under this deal = $40,837.50 (450 * $90.75)
<span>As a result of their wider networks and ability to sabotage crops when it was most beneficial for them, the black farmers which emerged following the Civil War were able to make money sharecropping due to the ability to influence the workflow and yield that would arise.</span>
<span>The variable of an eye color is a great example of a categorical, or qualitative, variable. Categorical variables are values that have labels or names. A great example of this would be the color of a ball, is it red, green, orange? Another example is the breed of a dog, is it a terrier, collie, bulldog?</span>