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A clothing business finds there is a linear relationship between the number of shirts,n, it can sell and the price,p, it can charge per shirt. In particular, historical data shows that 23000 shirts can be sold at a price of $55, while 31000 shirts can be sold at a price of $39. Give a linear equation in the form p = mn + b that gives the price p they can charge for n shirts. Answer: p = Round the value of your slope to three decimal places. Be careful to use the proper variable and use the Preview button to check your syntax before you submit your answer.

A clothing business finds there is a linear relationship between the number of shirts,n, it can sell and the price,p, it can charge per shirt. In particular, historical data shows that 23000 shirts can be sold at a price of $55, while 31000 shirts can be sold at a price of $39. Give a linear equation in the form p = mn + b that gives the price p they can charge for n shirts. Answer: p = Round the value of your slope to three decimal places. Be careful to use the proper variable and use the Preview button to check your syntax before you submit your answer.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A clothing business finds there is a linear relationship between the number of shirts,n, it can sell and the price,p, it can charge per shirt. In particular, historical data shows that 23000 shirts can be sold at a price of $55, while 31000 shirts can be sold at a price of $39. Give a linear equation in the form p = mn + b that gives the price p they can charge for n shirts. Answer: p = Round the value of your slope to three decimal places. Be careful to use the proper variable and use the Preview button to check your syntax before you submit your answer.
Transcribed Image Text:A clothing business finds there is a linear relationship between the number of shirts,n, it can sell and the price,p, it can charge per shirt. In particular, historical data shows that 23000 shirts can be sold at a price of $55, while 31000 shirts can be sold at a price of $39. Give a linear equation in the form p = mn + b that gives the price p they can charge for n shirts. Answer: p = Round the value of your slope to three decimal places. Be careful to use the proper variable and use the Preview button to check your syntax before you submit your answer.
Expert Solution
Step 1

Given that

n1 =23000,p1 =55

n2 = 31000 , p2 = 39

P =?

steps

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