[3] A national census is mandated by the Constitution of Pakistan to be held every ten...

Transcribed Image Text:

[3] A national census is mandated by the Constitution of Pakistan to be held every ten years. Ater the independence ot Pakıstan in 1947, the tirst census took place in 1951. Figure 1 reflects the increase in population of Pakistan during last four national census. The increase between 1972 and 2017 could be approximated by a linear function. If in 1972 the population was 65.309 million and as per the census data of 2017 the population was 207.774 million; a) Determine the estimation function P = f (t), where Pequals the population of Pakistan and t equals time measured in years since 1972. b) Interpret the slope and P intercept c) According to this function, what will be the estimated population of Pakistan in 2027 census? Census Data 250000000 200000000 150000000 100000000 50000000 1972 1981 1998 2017 Census Year Census Data Figure 1 Part – B: Marks [2] A Leading manufacturer of Action Figures is about to introduce four new Action Figures. The accompanying table summarizes price and cost data, combined fixed costs equal $85,000. A marketing research study predicts that for each unit sold of Noyan, 2 units of Dogan, 3 units of Bamsi and 4 units of Turgut will be sold. Action Figures Turgut Bamsi Dogan Noyan Selling Price (in dollars) Variable Cost/unit (in dollars) 35 26 24 16 17 12 12 11 Table 1 a) How many product mix units must be sold to break even? b) How does it translate into sales of individual games? Population (approx) [3] A national census is mandated by the Constitution of Pakistan to be held every ten years. Ater the independence ot Pakıstan in 1947, the tirst census took place in 1951. Figure 1 reflects the increase in population of Pakistan during last four national census. The increase between 1972 and 2017 could be approximated by a linear function. If in 1972 the population was 65.309 million and as per the census data of 2017 the population was 207.774 million; a) Determine the estimation function P = f (t), where Pequals the population of Pakistan and t equals time measured in years since 1972. b) Interpret the slope and P intercept c) According to this function, what will be the estimated population of Pakistan in 2027 census? Census Data 250000000 200000000 150000000 100000000 50000000 1972 1981 1998 2017 Census Year Census Data Figure 1 Part – B: Marks [2] A Leading manufacturer of Action Figures is about to introduce four new Action Figures. The accompanying table summarizes price and cost data, combined fixed costs equal $85,000. A marketing research study predicts that for each unit sold of Noyan, 2 units of Dogan, 3 units of Bamsi and 4 units of Turgut will be sold. Action Figures Turgut Bamsi Dogan Noyan Selling Price (in dollars) Variable Cost/unit (in dollars) 35 26 24 16 17 12 12 11 Table 1 a) How many product mix units must be sold to break even? b) How does it translate into sales of individual games? Population (approx)

Answer rating: 100% (QA)

Part A Part B a Product mix sold to break even Calcul... View the full answer