The product of the matrices A and B and interpret the result given that the matrix A represents the number of gallons of regular, plus and premium gasoline sold during the week and matrix B represents the selling price and profit for 1 gal of each type of gasoline.
The product of the matrices A and B and interpret the result given that the matrix A represents the number of gallons of regular, plus and premium gasoline sold during the week and matrix B represents the selling price and profit for 1 gal of each type of gasoline.
Solution Summary: The author calculates the product of the matrices AandB. The first column represents the total revenue for weekdays and weekends, respectively.
To calculate: The product of the matrices A and B and interpret the result given that the matrix A represents the number of gallons of regular, plus and premium gasoline sold during the week and matrix B represents the selling price and profit for 1 gal of each type of gasoline.
(b)
To determine
The profit for the weekend given that the matrix A represents the number of gallons of regular, plus and premium gasoline sold during the week and matrix B represents the selling price and profit for 1 gal of each type of gasoline.
(c)
To determine
The revenue for the entire week given that the matrix A represents the number of gallons of regular, plus and premium gasoline sold during the week and matrix B represents the selling price and profit for 1 gal of each type of gasoline.
Elementary Statistics: Picturing the World (7th Edition)
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