Answer:
-4
Step-by-step explanation:
Answer:
d. The slope of the relationship between firstfloorsquarefootage and price is moresteep for homes near the beach than elsewhere in Tampa.
Step-by-step explanation:
In this regression model, we have a positive slope. This positive slope is indicative of an increase. So to interpret this slope, we would say that the slope of the relationship that exists between the two variables (price and firstfloorsquarefootage) is steeper for the homes that are closer to the beach compared to the ones that are elsewhere. Therefore option D is our answer.
Answer:
40x - 300,000
7,500
Step-by-step explanation:
profit = revenue - cost
p(x) = 75x - (35x + 300,000)
p(x) = 40x - 300,000
Break even is when profit is zero
40x - 300,000 = 0
40x = 300,000
x = 7,500
Answer:
Step-by-step explanation:
If the profit realized by the company is modelled by the equation
P (x) = −0.5x² + 120x + 2000, marginal profit occurs at dP/dx = 0
dP/dx = -x+120
P'(x) = -x+120
Company's marginal profit at the $100,000 advertising level will be expressed as;
P '(100) = -100+120
P'(100) = 20
Marginal profit at the $100,000 advertising level is $20,000
Company's marginal profit at the $140,000 advertising level will be expressed as;
P '(140) = -140+120
P'(140) = -20
Marginal profit at the $140,000 advertising level is $-20,000
<u>Based on the marginal profit at both advertising level, I will recommend the advertising expenditure when profit between $0 and $119 is made. At any marginal profit from $120 and above, it is not advisable for the company to advertise because they will fall into a negative marginal profit which is invariably a loss.</u>
