Question 10The following table of values gives a company's annual profits in millions of dollars. Rescale the data so that the year 2001 corresponds to x = 1.e) $31.5 million.YearUse the power function to predict the company's profits in 2010.a) $30.3 millionb) $29.9 millionc) $29.6 milliond) $29.2 millionf) None of the aboveProfits (in millions of dollars)200123,820022003 20042005200625.2 26.3 28.9 27.6 28.4Review Later

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Answered: The following table of values gives a…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Each month, a salesman earns a base salary of $621.00 plus 5% commission on sales. Use C for total monthlycompensation and S for total monthly sales, both in dollars.A: Find a formula that gives total compensation as a linear function of total monthly sales.B: What monthly sales lead to a total monthly compensation of $3850?C: How is total monthly compensation affected if sales are increased by $5156.00?
TABLE 1: An economist at Nedbank ran a study of the relationship between FTSE/JSE All Shares index retu (JALSH) and consumer price index (CPI) from 2006 to 2017, the data collected is shown in the Tal below. FTSE/JSE All Shares index return (JALSH) and consumer price index (CPI) from 2006 to 2017. CPI (X) 4.7 7.1 11.5 7.1 4.3 5.0 5.6 5.7 6.1 4.6 6.4 5.3 Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Question 1 Use Table 1 above to answer this question JALSH (Y) 0.41 0.19 -0.23 0.32 0.19 0.03 0.27 0.21 0.11 0.05 0.00 0.21 Q.1.1 The estimated regression equation with dependent variable FTSE/JSE All Shares index return (JALSH) and independent variable consumer price index (CPI) was Q.1.1.1 Calculate Bo JALSH, =B₁ + B₂CPI¡
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An economist is studying the median yearly income of workers by their ages. Age (yr) 18 28 38 48 58 68 Median Income ($) 17,480 30,650 37,440 41,230 37,570 21,390 a. What function best models the data (linear, quadratic, exponential)? b. Write a function that models the data. c. Use your model to predit the median income for a worker who is 43 years old. Round to the nearest dollar.
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On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when the market price is $50, $75, $100, $125, $150, $175, and $200 per scooter. TOTAL REVENUE (Dollars) 2610 2430 2250 2070 1800 1710 1530 1350 1170 990 0 25 50 75 100 125 150 175 200 225 250 275 300 325 PRICE (Dollars per scooter) Total Revenue ? According to the midpoint method, the price elasticity of demand between points A and B is approximately 0.69 Suppose the price of scooters is currently $125 per scooter, shown as point A on the initial graph. Because the demand between points A and B is Inelastica $25-per-scooter decrease in price will lead to a decrease in total revenue per week. In general, in order for a price decrease to cause a decrease in total revenue, demand must be Inelastic
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