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A fur dealer finds that when coats sell for $4000, monthly sales are 6 coats. When the price increases to $5000, the demand is for 5 coats. Assume that the demand equation is linear.
(a) Find the demand and revenue equations.
(b) If overhead is $2500 per month and the production cost per coat is $2000, find the cost equation and profit equation.
(c) Find the level of production that maximizes profit.
Determine how much you will have at retirement using the values - how much will that cost you in interest? How about 10 years? How about just 1 year?
explain the difference between the results in part a and part b.
A device was installed to improve the gas mileage of vehicles in a small taxi fleet. Test whether the increase was statiscally significant with a two-tail test at α = .05
What is the common meaning of the word linear? The mathematical meaning? What is a linear equation? A non-linear equation?
If the first and the second letters interchange their positions and similarly the third and the fourth letters, the fifth and the sixth letters and so on, which letter will be the seventeenth from your right? A. F B. H C. I D. S
about the bisectors of a segment in a plane?
A researcher determines there is a significant difference
Would this change the problem in any way? Discuss.
Use the disk method to find the volume of the solid of revolution formed by revolving the region about the x-axis. Solid region is a semi circle from 0,4 to 16,0 find the solid amount between 5,0 and 6,0
What is the probability of a 'head' in a single toss of this coin? If the coin is tossed and a 'head' results, what is the probability that p is 3/4?
On what bearing and at what speed should the ship travel to arrive back at its starting point 24 hours after the voyage began? (Assume that one knot is a speed of one nautical mile per hour).
Find the formula for the lateral surface area of a right circular cone of radius r and height h.
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