Suppose that a company wishes to predict sales volume based on the amount of advertising expenditures. The sales manager thinks that sales volume and advertisingexpenditures are modeled according to the following linear equation. Both sales volume and advertising expenditures are in thousands of dollars.Estimated Sales Volume = 49.89 + 0.51 (Advertising ExpendituresIf the company has a target sales volume of $125,000, how much should the sales manager allocate for advertising in the budget? Round your answer to the nearestdollar.

The objective of the question is to find out the amount of advertising expenditure required to…

Answered: Suppose that a company wishes to…

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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4. A baseball team in a stadium that holds 56000 spectators. With the ticket price at 59 the average attendance has been droppet 23000. When the rose attendance related to the linearly What price dropped to $, the average the attendance is tinca price. to 28000. Assume ticket ticket would the price would maximize revenue $-
8. Egg production in the United States was 12936.8 million pounds in 2016 up from 9074.4 million pounds in 1996. Assume that the increase is linear. Write a formula for the situation. round values to thousandths. Define variables as Y = Years since 1996and E = Eggs in ? of pounds a. Formula: b. Use your formula and algebra to complete the sentence: The number of eggs produced will surpass 14000 million in the year
A farmer sells his corn for $220 a metric ton with a small surcharge of $15. His neighbour sells her corn crop for $220 a metric ton and gives a $20 rebate. Write the cost model equations for both farmers and find the amount of corn that makes the costs equal. Write the cost model equations for the first farmer. Use x to represent the number of tons. The variable C represents the total cost. C=
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A car initially sold for $23,999. Its class life is 12 years, and the car depreciates by $750 each year. Express this as a linear function. Find the salvage value. Then, find the value after six years.
Is the following table created with an exponential or a linear equation? Y 1 10 13 3 16 4 19
A house sells for $81528 at the end of 2010 and for $161637 at the end of 2017. If the market value increased linearly from 2010 through 2017, what was the annual rate of change of the market value?
2. In 2012, the campus print center purchased a multi-function printer/copier for $12600, and a high capacity printer for $11000. The resale value of the multi-function machine is decreasing by $1800 per year and the resale value of the high capacity machine is decreasing by $1000 per year. a. Write an equation that gives the resale value, y, ofthe b. Write an equation that gives the resale value, y, of the multi-function machine x years after 2012. high capacity machine x years after 2012. c. Use your equations to determine the year in which the resale values of the two machines will be equal.
You decide to purchase a brand new boat for $20,000. You sell it 7 years later for its worth of $7500. Assuming the boat's value depreciates linearly, how much was it worth 4.5 years after you bought it? It is worth S (Round answer to nearest dollar.)
With the rise of e-books and online retailers, the demand for physical bookstores has been declining. The number of bookstores from 2008 through 2013 (in hundreds) are shown in the following table (x = 0 corresponds to 2008): Year 0 1 2 3 4 5 Number of Bookstores 4.2 3.8 3.4 3.0 2.6 2.2 Using the equation, estimate the number of bookstores in 2016. Group of answer choices 200 300 100 400
Which one of the following is an example for variable cost? a. Rent b. Sales commission c. Management Salary d. Salary with commission
Based on this model, which price would generate more revenue for the company, $5 or $17? Explain how know. you

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