Question: Math assignment (Mat 215) I LE 2.ln the Customer Response you see the impact of raising your coffee prices by 5%, 10% and 15%. Look

Math assignment (Mat 215)

Math assignment (Mat 215) I LE 2.ln the Customer
I LE 2.ln the Customer Response you see the impact of raising your coffee prices by 5%, 10% and 15%. Look at it as if you sold lD cups and 3? customers don't care, one leaves you and 11 will reduce their purchases by 3MB [5% increase]. The formula has to include all three response. which means you need to take into account the customers that stay, the customers that leave and what is 30% less for percentage of cup sales associated with that group. 3. Consider the function x) = {5(ng 3'3} och-c; Could f be a probability density function? If so, determine C. Repeat if f(x] were given by: rm ={Ci1'Dx3) nae

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