Use a Modern Software Tool to Perform Statistical Calculations -Calculate the Total Revenue for the New Line of Sweaters

question 29

Multiple Choice

Use a modern software tool to perform statistical calculations.
Use the table below to answer the following question(s) .
Fiberia Accessories, a clothing retailer, is planning to introduce a new line of sweaters as part of the winter collection for $65 with an inventory of 1500. The main selling season is 60 days between November and December. The store then sells the remaining units in a clearance sale at 65 percent discount. Out of the 60 main retail days, Fiberia sells the sweaters at full retail price for only 45 days, while giving a discount of 25 percent for the remaining 15 days. The demand functions a, and b are given as 79.5 and 1.1 respectively. $\begin{array}{|l|l|}\hline\text { Marked Down Pricing Model for } \\\text { Fiberia Accessories's new sweater} \\\hline & \\\hline \text { Data } & \\\hline \text { Retail Price } & \\\hline \text { Inventory } & \$ 65 \\\hline \text { Selling Season (days) } & 1500 \\\hline \text { Days at Full Retail } & 60 \\\hline \text { Intermediate Markdown } & 45 \\\hline \text { Clearance Markdown } & 25 \text { percent } \\\hline \text { Demand Function } & 65 \text { percent } \\\hline \text { A } & \\\hline \text { B } & 79.5 \\\hline\end{array}$
-Calculate the total revenue for the new line of sweaters.

• A) $59,426.25
• B) $48,871.88
• C) $23,400
• D) $43,231.09

Assess the impact and effectiveness of economic boycotts as a form of protest against British policies.

Understand the causes and significance of regional resistance movements, such as the land riots and Regulator movements.

Recognize the purpose and outcomes of key meetings and congresses, including the First Continental Congress.

Distinguish between different plans and proposals regarding the colonies' future governance and their relationship with Great Britain.

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Definitions:

Neural Activity

It encompasses all the actions and processes of nerve cells (neurons) including transmission of nerve impulses, synaptic activity, and information processing in the brain.

Chunks

Memory units that consist of several components grouped together and processed as a single unit.

Episodic Memory

A form of memory that holds information about particular events, circumstances, and personal experiences over an extended period.

Implicit Memory

A type of long-term memory that enables us to perform tasks without conscious awareness, such as procedural tasks and skills.