n e-reader manufacturer expects to sell 60,000 units each year if the selling price is $250. If the selling price is reduced to $180, then the manufacturer expects to sell 140,000 units each year. a. Assume that the relationship between selling pri

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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An e-reader manufacturer expects to sell 60,000 units each year if the selling price is $250. If the selling price is reduced to $180, then the manufacturer expects to sell 140,000 units each year. a. Assume that the relationship between selling price ($) and units sold (1000s) is linear. Find the equation of the line that describes this relationship. Write answer in slope-intercept form. Let x represent the selling price and y represent the units sold (1000s). b. Use your equation from part (a) to estimate the number of units that the manufacturer expects to sell if the selling price is $150. Use approximate values for the slip and y-intercept found in part a. The equation is___ *(Round the final answer to two decimal places as needed) If the selling price is $150, then the manufacturer expects to sell___units. Use approximate values for the slope and y-intercept found in part a.
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