An automobile dealer uses TV advertising to promote car sales. On the basis of past records, the
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An automobile dealer uses TV advertising to promote car sales. On the basis of past records, the dealer arrived at the following data, where x is the number of ads placed monthly and y is the number of cars sold that month:
(A) Enter the data in a graphing calculator and find a cubic regression equation for the number of cars sold monthly as a function of the number of ads.
(B) How many ads should the dealer place each month to maximize the rate of change of sales with respect to the number of ads, and how many cars can the dealer expect to sell with this number of ads? Round answers to the nearest integer.
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Related Book For
College Mathematics For Business Economics, Life Sciences, And Social Sciences
ISBN: 978-0134674148
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
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