Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2. Your employer has information regarding the gross revenue (in 10 Rand) from the sale of a given number of items, as shown in
2. Your employer has information regarding the gross revenue (in 10 Rand) from the sale of a given number of items, as shown in the table. You will lose your job unless you can make an accurate estimate of the amount that must be sold (not necessarily in multiples of 100.000) so that the largest revenue is obtained. What is your recommendation? (Hint Choose your variables to be multiples of 10 Rand and 100 000 items respectively.) Items sold 100 000 200 000 300 000 400 000 500 000 Revenue 11.6 16-2 16-8 13.5 7.3
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started