The revenue R (in thousands of dollars) from the sale of x thousand table lamps is given
Question:
The revenue R (in thousands of dollars) from the sale of x thousand table lamps is given in the table.
(A) Find the interpolating polynomial for this table.
(B) Use the interpolating polynomial to approximate (to the nearest thousand dollars) the revenue if 5,000 table lamps are produced.
(C) Use the interpolating polynomial to approximate (to the nearest integer) the production level that will maximize the revenue.
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Step by Step Answer:
To address this question lets first create the interpolating polynomial based on the given data We h...View the full answer
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Related Book For 
Finite Mathematics For Business Economics Life Sciences And Social Sciences
ISBN: 9780134862620
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
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