A Company Manufactures Diskettes for Home Computers

question 204

Short Answer

A company manufactures diskettes for home computers. It knows from experience that the number of diskettes it can sell each day, x , is related to the price p per diskette by the equation . At what price should the company sell the diskettes if it wants the daily revenue to be $5,400? ( Hint : The equation for revenue is .)

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Definitions:

Coefficient of Alienation

A statistical measure used to quantify the degree of relationship or non-relationship between two variables, often indicating the extent to which they are unrelated.

Unexplained Variance

The portion of the total variance in a dataset that is not accounted for by the statistical model.

Indirect Correlation

A relationship between two variables such that when one variable increases, the other variable tends to decrease, or vice versa, mediated by a third variable.