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AnneCat

The document contains a table with price, sales, and revenue data for 5 data points. A quadratic regression equation was fitted to the sales vs price data: f(x) = -22.2079186981727 x^2 + 317.0348 x + 192.201537609629. Based on the regression, the maximum revenue of $1320-$1330 would be achieved at a price of around $7.

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Myron Brandwine
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27 views5 pages

AnneCat

The document contains a table with price, sales, and revenue data for 5 data points. A quadratic regression equation was fitted to the sales vs price data: f(x) = -22.2079186981727 x^2 + 317.0348 x + 192.201537609629. Based on the regression, the maximum revenue of $1320-$1330 would be achieved at a price of around $7.

Uploaded by

Myron Brandwine
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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Price Sales Revenue

6.00 216 1296 Revenue


9.10 136 1238
6.50 202 1313
1340
8.30 156 1295
7.70 171 1317 1320
f(x) = − 22.2079186981727 x² + 317.0348
1300
1280
1260
1240
1220
1200
1180
4.00 5.00 6.00 7.00
Sales vs Price
250

200 f(x) = − 25.7429099876695 x + 369.786683107275

150

100

50

0
4.00 5.00 6.00 7.00 8.00 9.00 10.00
Revenue

86981727 x² + 317.034859473705 x + 192.201537609629

0 6.00 7.00 8.00 9.00 10.00

y = -22.208x2 + 317.03x + 192.2


y= revenue ($)
x= price ($)
Charge (maximum Revenue) $ 7+
Max revenue $1320-1330
Price Sales
6.00 216
9.10 136
6.50 202
8.30 156
7.70 171

240
220
200
180
Sales 160
140
120
100
5.00 5.50 6.00 6.50 7.00 7.50 8.00 8.50 9.00 9.50
Price
Price Sales Revenue
6.00 216 1296.00
9.10 136 1237.60
6.50 202 1313.00
8.30 156 1294.80
7.70 171 1316.70
Price Revenue
6.00 1296.00
9.10 1237.60
6.50 1313.00
8.30 1294.80
7.70 1316.70

1350.00
f(x) 1300.00
= − 22.2079186982 x² + 317.034859474 x + 192.20153761

Revenue
1250.00
1200.00
1150.00
5.00 5.50 6.00 6.50 7.00 7.50 8.00 8.50 9.00 9.50
Price

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