An economist and a marketing manager discover that price P, in dollars, of CD players can be modeled with a quadratic formula, where n is the number of CD players (in millions) market demands. Find that equation if the demand n=1 million, the price P=$31.5, the demand n=3 million, the price P=$43.5, the demand n=5 million, the price P=$67.5, What points will you use to find the equation? Step 1. Write the system on equations: Step 2. Find the equation y b + b + 1x² + 1 |C= C = C =
An economist and a marketing manager discover that price P, in dollars, of CD players can be modeled with a quadratic formula, where n is the number of CD players (in millions) market demands. Find that equation if the demand n=1 million, the price P=$31.5, the demand n=3 million, the price P=$43.5, the demand n=5 million, the price P=$67.5, What points will you use to find the equation? Step 1. Write the system on equations: Step 2. Find the equation y b + b + 1x² + 1 |C= C = C =
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section: Chapter Questions
Problem 22T: On the first part of a 350-kilometer trip, a salesperson travels 2 hours and 15 minutes at an...
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Question
An economist and a marketing manager discover that price P, in dollars, of CD players can be modeled with a
the demand n=1 million, the price P=$31.5,
the demand n=3 million, the price P=$43.5,
the demand n=5 million, the price P=$67.5,
![An economist and a marketing manager discover that price P, in dollars, of CD players can be modeled with a quadratic formula, where n is the number of CD players (in millions) market demands. Find that equation if
the demand n=1 million, the price P=$31.5,
the demand n=3 million, the price P=$43.5,
the demand n=5 million, the price P=$67.5,
What points will you use to find the equation?
(
(
Step 1. Write the system on equations:
a +
Step 2. Find the equation y=
).
b +
b +
b +
x² +
C =
C =](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F980768a5-0a63-47c0-ab85-20e2b3e4fae5%2F05a43bf7-fb86-4531-bb2c-1a039c53f869%2F8zmomhs_processed.png&w=3840&q=75)
Transcribed Image Text:An economist and a marketing manager discover that price P, in dollars, of CD players can be modeled with a quadratic formula, where n is the number of CD players (in millions) market demands. Find that equation if
the demand n=1 million, the price P=$31.5,
the demand n=3 million, the price P=$43.5,
the demand n=5 million, the price P=$67.5,
What points will you use to find the equation?
(
(
Step 1. Write the system on equations:
a +
Step 2. Find the equation y=
).
b +
b +
b +
x² +
C =
C =
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