The data in the table show the daily demand x for cream puffs at a state fair
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The data in the table show the daily demand x for cream puffs at a state fair at various price levels p. If it costs $1 to make a cream puff, use logarithmic regression (p = a + b ln x) to find the price (to the nearest cent) that maximizes profit.
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College Mathematics For Business Economics, Life Sciences, And Social Sciences
ISBN: 978-0134674148
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
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