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Several months ago, John O'Hagan investigated the effect on the popularity of OHaganBooks.com of placing banner ads at well-known Internet portals. When OHaganBooks.com actually went ahead and increased Internet advertising from $5,000 per month to $6,000 per month it was noticed that the number of new visits increased from an estimated 2,030 per day to 2,090 per day. Use this information to construct a linear model giving the average number v of new visits per day as a function of the monthly advertising expenditure c. (a) What is the model? v(c) = (b) Based on the model, how many new visits per day could be anticipated if OHaganBooks.com budgets $7,000 per month for Internet advertising? visits (c) The goal is to eventually increase the number of new visits to 2,600 per day. Based on the model, how much should be spent on Internet advertising to accomplish this? $

Several months ago, John O'Hagan investigated the effect on the popularity of OHaganBooks.com of placing banner ads at well-known Internet portals. When OHaganBooks.com actually went ahead and increased Internet advertising from $5,000 per month to $6,000 per month it was noticed that the number of new visits increased from an estimated 2,030 per day to 2,090 per day. Use this information to construct a linear model giving the average number v of new visits per day as a function of the monthly advertising expenditure c. (a) What is the model? v(c) = (b) Based on the model, how many new visits per day could be anticipated if OHaganBooks.com budgets $7,000 per month for Internet advertising? visits (c) The goal is to eventually increase the number of new visits to 2,600 per day. Based on the model, how much should be spent on Internet advertising to accomplish this? $

Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Several months ago, John O'Hagan investigated the effect on the popularity of OHaganBooks.com of placing banner ads at well-known Internet portals. When OHagan Books.com actually went ahead and increased Internet advertising from $5,000 per month to $6,000 per month it was noticed that the number of new visits increased from an estimated 2,030 per day to 2,090 per day. Use this information to construct a linear model giving the average number v of new visits per day as a function of the monthly advertising expenditure c. (a) What is the model? v(c) = (b) Based on the model, how many new visits per day could be anticipated if OHaganBooks.com budgets $7,000 per month for Internet advertising? visits (c) The goal is to eventually increase the number of new visits to 2,600 per day. Based on the model, how much should be spent on Internet advertising to accomplish this? $
Transcribed Image Text:Several months ago, John O'Hagan investigated the effect on the popularity of OHaganBooks.com of placing banner ads at well-known Internet portals. When OHagan Books.com actually went ahead and increased Internet advertising from $5,000 per month to $6,000 per month it was noticed that the number of new visits increased from an estimated 2,030 per day to 2,090 per day. Use this information to construct a linear model giving the average number v of new visits per day as a function of the monthly advertising expenditure c. (a) What is the model? v(c) = (b) Based on the model, how many new visits per day could be anticipated if OHaganBooks.com budgets $7,000 per month for Internet advertising? visits (c) The goal is to eventually increase the number of new visits to 2,600 per day. Based on the model, how much should be spent on Internet advertising to accomplish this? $
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