Use a Modern Software Tool to Perform Statistical Calculations -Calculate the Revenue for Units Sold

question 3

Multiple Choice

Use a modern software tool to perform statistical calculations.
Use the table below to answer the following question(s) .
Below is the profit model spreadsheet for the Lazarus Shoe Company producing their latest model of shoes for the month of January. $\begin{array}{|l|l|}\hline\begin{array}{l}\text { Profit Model for Lazarus } \\\text { Shoe Company for } \\\text { January }\end{array} & \text { (All cost in } \$) \\\hline & \\\hline \text { Unit Price } & 47 \\\hline \text { Unit Cost } & 22 \\\hline \text { Fixed Cost for Production } & 350,000 \\\hline \text { Demand } & 40,000 \\\hline & \\\hline \text { Model } & \\\hline & \\\hline \text { Unit Price } & 47 \\\hline \text { Quantity Sold } & 38,000 \\\hline \text { Rev enue } & \\\hline & \\\hline \text { Unit Cost } & 22 \\\hline \text { QuantityProduced } & 38,000 \\\hline \text { Variable Cost } & \\\hline \text { Fixed Cost } & 350,000 \\\hline & \\\hline \text { Profit } & \\\hline\end{array}$
-Calculate the revenue for units sold.

• A) $836,000
• B) $1,136,000
• C) $600,000
• D) $1,786,000

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Definitions:

Twin Study

A study examining twins raised apart and together, usually to explore whether characteristics are caused by genetics or environment.

Nature-Versus-Nurture

A debate concerning the relative importance of an individual's innate qualities (nature) versus personal experiences (nurture) in determining or causing differences in physical and behavioral traits.

Monozygotic Twins

Identical twins sharing the same genetic profile.

Dizygotic Twins

Also known as fraternal twins, these are siblings born at the same time but from two different eggs fertilized by separate sperm, sharing about 50% of their DNA.