Matched Problem 7 Repeat example 7 for N ( x ) = 4 x 3 − 0.25 x 4 + 500 0 ≤ x ≤ 12 Maximum Rate of Change Currently, a discount appliance store is selling 200 large-screen TVs monthly. If the store invests $ x thousand in an advertising campaign, the ad company estimates that monthly sales will be given by N ( x ) = 3 x 3 − 0.25 x 4 + 200 0 ≤ x ≤ 9 When is the rate of change of sales increasing and when is it decreasing? What is the point of diminishing returns and the maximum rate of change of sales? Graph N and N ′ on the same coordinate system .
Matched Problem 7 Repeat example 7 for N ( x ) = 4 x 3 − 0.25 x 4 + 500 0 ≤ x ≤ 12 Maximum Rate of Change Currently, a discount appliance store is selling 200 large-screen TVs monthly. If the store invests $ x thousand in an advertising campaign, the ad company estimates that monthly sales will be given by N ( x ) = 3 x 3 − 0.25 x 4 + 200 0 ≤ x ≤ 9 When is the rate of change of sales increasing and when is it decreasing? What is the point of diminishing returns and the maximum rate of change of sales? Graph N and N ′ on the same coordinate system .
Solution Summary: The author illustrates how to find the intervals, where the rate of change of function is increasing and decreasing, also the diminishing returns and the maximum value.
Maximum Rate of Change Currently, a discount appliance store is selling 200 large-screen TVs monthly. If the store invests $x thousand in an advertising campaign, the ad company estimates that monthly sales will be given by
N
(
x
)
=
3
x
3
−
0.25
x
4
+
200
0
≤
x
≤
9
When is the rate of change of sales increasing and when is it decreasing? What is the point of diminishing returns and the maximum rate of change of sales? Graph N and N′ on the same coordinate system.
System that uses coordinates to uniquely determine the position of points. The most common coordinate system is the Cartesian system, where points are given by distance along a horizontal x-axis and vertical y-axis from the origin. A polar coordinate system locates a point by its direction relative to a reference direction and its distance from a given point. In three dimensions, it leads to cylindrical and spherical coordinates.
The average miles per gallon for a sample of 40 cars of model SX last year was 32.1, with a population standard deviation of 3.8. A sample of 40 cars from this year’s model SX has an average of 35.2 mpg, with a population standard deviation of 5.4.
Find a 99 percent confidence interval for the difference in average mpg for this car brand (this year’s model minus last year’s).Find a 99 percent confidence interval for the difference in average mpg for last year’s model minus this year’s. What does the negative difference mean?
A special interest group reports a tiny margin of error (plus or minus 0.04 percent) for its online survey based on 50,000 responses. Is the margin of error legitimate? (Assume that the group’s math is correct.)
Suppose that 73 percent of a sample of 1,000 U.S. college students drive a used car as opposed to a new car or no car at all.
Find an 80 percent confidence interval for the percentage of all U.S. college students who drive a used car.What sample size would cut this margin of error in half?
Chapter 4 Solutions
Pearson eText for Calculus for Business, Economics, Life Sciences, and Social Sciences, Brief Version -- Instant Access (Pearson+)
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Discrete Distributions: Binomial, Poisson and Hypergeometric | Statistics for Data Science; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=lHhyy4JMigg;License: Standard Youtube License