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1. Explain the limitation of quantitative analysis in use, and how to overcome them? 2. Explain how business use quantitative analysis, support your answer
1. Explain the limitation of quantitative analysis in use, and how to overcome them? 2. Explain how business use quantitative analysis, support your answer with examples. 3. An airline offers coach and first-class tickets. For the airline to be profitable, it must sell a minimum of 25 first- class tickets and a minimum of 40 coach tickets. The company makes a profit of $225 for each coach ticket and $200 for each first-class ticket. At most, the plane has a capacity of 150 travelers. Explain how you can help this company to determine how many of each ticket should be sold to? maximize profits? Minimize cost?
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