manufacturer of graphing calculators has determined that 10,000 calculators per week will be sold at a price of $95. At a price of $90, it is estimated that 12,000 calculators will be sold. a. Determine a linear function that predicts the number of calculatorsthat will be sold each month at a given price. b. Use this model to predict the number of calculatorsthat will be sold at a price of $8500. c. What is the slope of the line in part(a) and what does it represent (in words)? d. What is the y-intercept of the line in part(a) and what does it represent (in words)?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
icon
Related questions
Question

A manufacturer of graphing calculators has determined that 10,000 calculators per week will be sold at a price of $95. At a price of $90, it is estimated that 12,000 calculators will be sold.

a. Determine a linear function that predicts the number of calculatorsthat will be sold each month at a given price.

b. Use this model to predict the number of calculatorsthat will be sold at a price of $8500.

c. What is the slope of the line in part(a) and what does it represent (in words)?

d. What is the y-intercept of the line in part(a) and what does it represent (in words)?

A manufacturer of graphing calculators has determined that 10,000 calculators per week will be sold at
a price of $95. At a price of $90, it is estimated that 12,000 calculators will be sold.
a. Determine a linear function that predicts the number of calculators that will be sold each month at a
given price.
b. Use this model to predict the number of calculators that will be sold at a price of $8500.
c. What is the slope of the line in part(a) and what does it represent (in words)?
d. What is the y-intercept of the line in part(a) and what does it represent (in words)?
Transcribed Image Text:A manufacturer of graphing calculators has determined that 10,000 calculators per week will be sold at a price of $95. At a price of $90, it is estimated that 12,000 calculators will be sold. a. Determine a linear function that predicts the number of calculators that will be sold each month at a given price. b. Use this model to predict the number of calculators that will be sold at a price of $8500. c. What is the slope of the line in part(a) and what does it represent (in words)? d. What is the y-intercept of the line in part(a) and what does it represent (in words)?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Differential Equation
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, advanced-math and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,