Compute the monthly bonus, B, paid to an automobile dealership using the following formulas B b1 b2(Y ), for Y B b1 b3( Y), for Y Where b1 $100 per car b2 $70 per car b3 $150 per car forecasted sales of cars (in units) Y actual number of cars sold ...

a 2000 10020 b 2070 2000 7021 20 c 2140 2000 7022 20 d 2210 2000 7023 20 e 2280 2000 7 ...

Compute the monthly bonus, B, paid to an automobile dealership using the following formulas: B = b1

Question:

Compute the monthly bonus, B, paid to an automobile dealership using the following formulas:
B = b1 Ŷ + b2(Y – Ŷ), for Y ≥ Ŷ
B = b1 Ŷ – b3(Ŷ – Y), for Ŷ > Y
Where
b1 = $100 per car
b2 = $70 per car
b3 = $150 per car
Ŷ = forecasted sales of cars (in units)
Y = actual number of cars sold.