3rd Edition

ISBN: 9780135231678

Author: Evans, James R. (james Robert)

Publisher: PEARSON EDUCATION (COLLEGE)

Concept explainers

In mathematics, traditional optimization problems are typically expressed in terms of minimization. When we talk about minimizing or maximizing a function, we refer to the maximum and minimum possible values of that function. This can be expressed in ter…

Maxima and Minima

The extreme points of a function are the maximum and the minimum points of the function. A maximum is attained when the function takes the maximum value and a minimum is attained when the function takes the minimum value.

Derivatives

A derivative means a change. Geometrically it can be represented as a line with some steepness. Imagine climbing a mountain which is very steep and 500 meters high. Is it easier to climb? Definitely not! Suppose walking on the road for 500 meters. Which …

Concavity

In calculus, concavity is a descriptor of mathematics that tells about the shape of the graph. It is the parameter that helps to estimate the maximum and minimum value of any of the functions and the concave nature using the graphical method. We use the …

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Textbook Question

Chapter 2, Problem 21PE

Figure 2.41 shows the 2016 U.S. federal income tax rates for the four different types of filing status. Suppose an individual is single. Write one logical IF function that will determine the correct tax rate for any income that is entered in cell B3 of a spreadsheet. Implement this on a spreadsheet and verify its correctness.

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Chapter 2, Problem 20PE

Chapter 2, Problem 22PE

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Chapter 2 Solutions

Business Analytics

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Solution Summary: The author explains how to provide a logical IF function that determines the correct tax rate for any income entered in cell B3 of the spreadsheet.

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Chapter 2 Solutions