A store has determined that the number of Blu-ray movies sold monthly is approximately n ( x
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Question:
A store has determined that the number of Blu-ray movies sold monthly is approximately
n(x) = 6750(0.929x) movies
where x is the average price in dollars.
(a) Write the function for the model giving revenue in dollars, where x is the average price in dollars.
R(x) =
dollars
(b) If each movie costs the store $10.00, write the function for the model that gives profit in dollars, where x is the average price in dollars.
P(x) =
dollars
(c) Complete the table. (Round your answers to three decimal places.)Rates of Change of Revenue and Profit
| Price | Rate of change of revenue (dollars per dollar) | Rate of change of profit (dollars per dollar) |
|---|---|---|
| $13 | ||
| $14 | ||
| $20 | ||
| $21 | ||
| $22 |
Expert Answer:
Related Book For 
Statistics Principles and Methods
ISBN: 978-0470904114
7th edition
Authors: Richard A. Johnson, Gouri K. Bhattacharyya
Posted Date:
