Group 2 Algebra Project

Group 2 Project

Annual profit in thousands of dollars is given by the function, P(x) = -.1x2 + 50x - 300, where x is the number of items sold, x = 0.
1. describe the meaning of the number -.1 in the formula, in terms of its meaning in relation to the profit.
2. describe the meaning of the number -300 in the formula, in terms of its meaning in relation to the profit.
3. find the profit for 5 different values of x
4. graph the profit function over its given domain; use the 5 values calculated in part 3 to construct the graph and connect these points with a smooth curve in Excel or another graphing utility. Insert the graph in a Word file and attach the graph in a Word file to the class DB thread.
5. will this profit function have a maximum, if so, what is it?
6. what steps should the company take to prepare for your answer to part 5?
7. Post your final draft as a response to this post; use the small group area for collaboration.

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Complete solutions to the above question including excel graphs!

Other Details about the Project/Assignment
Subjects: Mathematics Algebra
Topic: Algebra, Stats, Excel
Level: College / University
Tags:

Stats, Profit

Price: $1.95

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Project Details

Subjects: Mathematics Algebra
Topic: Algebra, Stats, Excel
Level: College / University
Tags:

Stats, Profit

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Group 2 Algebra Project

Stats, Profit

Stats, Profit